Credit and suretyship
Modalities
Credit insurance
Aimed at companies that have credit sales and want to be protected against unforeseen non-payment situations. It covers reimbursement in case of a final loss experienced by the insured due to the debtor’s insolvency. The purpose of this coverage is to protect financial transactions with clients and provide economic stability to businesses. A credit insurance policy offers the following advantages:
- Client information
- Risk management
- Collections management
- Indemnification / advances
- Increased solvency
- Discount rate bonuses
Step 1 of 6
- 1
You take out the credit policyDesigned for companies that sell on credit and want to be protected against unforeseen non-payment.
- 2
Prevention and monitoringInsurers assess the solvency of your customers and monitor them, informing the insured of any change in solvency that may pose a risk of non-payment.
- 3
You sell on creditYou deliver the goods or service on deferred payment terms. Even if the payment term is very short, you are already exposed to the risk of non-payment.
- 4
Your customer paysYou get paid within the agreed term. The policy lets you forecast your cash flow more reliably.
- 5
The insurer indemnifies youIt covers reimbursement of the final loss suffered by the insured as a result of the debtor’s insolvency.
- 6
The insurer handles debt recoveryInsurers manage the recovery of the debt, freeing the insured from these tasks.
- Money and goods
- Information and service
Surety insurance
A surety insurance is a guarantee of compliance of a contract. Similar to a guarantor it guarantees the payment of a sum that can be demanded from the insured company as a consequence of incompliance of a contract between the parties. It is usually a tool to obtain better commercial conditions, or to present an image of seriousness and solvency without increasing the liabilities of the company.
Commercial reports
Commercial reports offer information on the economic and financial situation of commercial partners, both in the national and international markets. They are a good instrument for organizing business as they allow for the evaluation of risk of non-payment by potential clients, assigns credit levels and payment regimes for current clients. They allow the company to have information about solvency of suppliers and study its situation compared to that of competitors.
Service
At Oller Brokers we have good technical knowledge to find the credit insurance that best fits with each client. We are up to date with new products coming onto the market and we are constantly retraining.
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