With a single risk credit insurance you insure one individual contract or one specific debtor for the full term of the agreement. This is different from regular credit insurance. The premium is fixed in advance and remains the same throughout the contract period. This provides clarity and financial security. You know exactly where you stand and can better plan your cash flow and financing.
The cover is non-cancellable during the term and policy conditions cannot be changed unilaterally to your disadvantage. This gives you maximum security for large or strategic assignments.
Suitable for international and complex transactions
Single risk credit insurance is well suited for international contracts and cross-border transactions. Besides commercial risks, it also provides cover against political risks. Moreover, manufacturing and contract risks can be co-insured. If the buyer becomes insolvent, damages are paid immediately. This limits financial uncertainty and strengthens your position towards financiers.
Hardly any administration, maximum focus
Because single risk credit insurance focuses on one specific risk, everything is fully set up in advance. After the start of the policy, hardly any administration is required. Moreover, you do not have to bring your entire debtor portfolio under insurance. This makes the solution ideal for companies looking to insure a large order while increasing their financing options.
Is single risk credit insurance suitable for your situation?
Want to know whether single risk credit insurance suits your contract or project? We will be happy to think along with you and advise you on the best solution for your specific situation.