EuroSolutions provides trade credit insurance or trade receivables insurance under unique conditions on the regional market.
Trade credit insurance provided by EuroSolutions insures you against the risk of delay or non-payment of receivables from domestic and foreign customers.
In general, companies insure their property, employees, management, equipment, intellectual property, and business activities. On the other hand, the share of receivables from customers in the balance sheet varies depending on the activity, but it certainly constitutes one of the largest individual items. Therefore, receivables are one of the main sources of risk, and yet most often remain unprotected.
Insolvency is a more common risk than fire, theft or other major loss. In addition, due to unstable market conditions, payment delays and other third-party risks, difficult collection of receivables results in supplier’s insolvency and related problems in operations with a negative impact on future revenues and even the very substance of business.
Trade receivables insurance keeps you safe from such consequences.
What risks does trade credit insurance cover?
In situations where it is impossible to affect charging from customers, trade credit insurance is an excellent solution. Trade receivable insurance relieves you of the risk in the following cases:
Trade credit insurance is activated when the customer is late with their payment. The agreed value is paid to the seller, and the insurance takes over the further collection of the outstanding invoice.
If a customer has liquidity problems and cannot make payments based on the issued invoices, trade credit insurance is activated and a payment is made to the insured person/seller.
As in the case of delay or insolvency of a customer, insured receivables are paid to the seller by the insurer so that the seller/insured does not suffer the consequences of the customer’s bankruptcy.
Policies may contain coverage for damages caused as a result of political events (wars, revolutions) and economic difficulties of the customer’s country, transfer block, embargo, confiscation, etc.
Who is trade credit insurance intended for?
Trade receivables insurance is designed to provide you with security and certainty in payment. We primarily recommend it to clients who do business with the foreign market, although it is intended for all trading companies, as well as companies in the production services and manufacturing sector.
There are many benefits for the customer and the seller when choosing trade receivable insurance. The customer is given the possibility of deferred payment and improved cash flow, while the seller gains international competitiveness, the possibility to use the policy as collateral and to include the price of insurance into the price of the product.
Why Choose EuroSolutions?
EuroSolutions Ltd. is a partner with the organisation ICBA (International Credit Brokers Alliance), which allows us direct access to the global insurance market and the lead insurers in this area, such as:
We do not approach local insurance companies; instead, we use only direct connections with global credit insurers and their headquarters.
We provide better conditions for our clients. We achieve more favourable premium rates and the percentage of fulfilment of required credit limits for our clients’ customers.
Key benefits of credit insurance provided by Eurosolutions Ltd./ICBA
Insure your receivables in 5 steps
The client fills out a standard insurance application form and submits it to EuroSolutions
The insurance company evaluates the application and analyses the submitted information
Insurance companies send offers to EuroSolutions, which analyses them and presents them to the client
The client accepts one of the offers obtained by EuroSolutions
The insurance company prepares the policy and delivers it to the client. After signing the policy, the client’s receivables are insured.
If you want to submit a request for an offer, download the application form, fill it out and send it to tradecredit@eurosolutions.rs.
Along with the application form, you need to send a signed and stamped authorisation on company letterhead.