About Credit Insurance
How does it work?
It is an effective financial risk management tool that safeguards your company against losses sustained arising from non-payment of trade related debts.
Credit Insurance ensures that your company is not adversely affected by the unforeseen failure of one or more of your customers; it is also a tool to help you manage your risks.
- Access to credit expertise and market knowledge from a worldwide leader in credit insurance.
- Effective, professional assessment of the financial situation of your customers,
- Indemnification of your unpaid debts
- Global debt collection services available worldwide for debt recovery
COFACE: FOR TRADE. BUILDING BUSINESS TOGETHER
Over 70 years of experience and the most finely meshed international network have made Coface a reference in credit insurance, risk management and the global economy.
Our experts work to the beat of the world economy, supporting 50,000 clients worldwide in building prosperous, growing and successful businesses. Our services and solutions protect and help companies take the credit decisions necessary to improve their ability to sell on both their domestic and export markets.
With the ambition to become the most agile global trade credit insurance partner in the industry, underpinned by our values — Client Focus, Expertise, Collaboration, Courage & Accountability — we believe in trade as a powerful force in the world.
WHAT IS THE IMPACT OF AN UNPAID INVOICE ON YOUR TURNOVER?
25% of bankruptcies are due to unpaid invoices
You grant payment terms to your customers every day. And because it’s a routine way of doing business, you may not be thinking about the risk you’re taking.
But what happens when a customer defaults? When a business closes down? When a government suddenly forbids transfer of payments or declares a devaluation?
You might have never experienced any of these situations before, but you ought to know that 25% of bankruptcies are due to unpaid invoices.
How much of your total assets do unpaid invoices represent – and merit protecting?