credit insurance

What should you still do or not do in 2020 to get maximum (financial) benefit from your credit insurance policy or financing? Seven end-of-year tips that are definitely worthwhile.

The Dutch state wants to continue guaranteeing credit insurers for six more months. In his parliamentary letter of 12 November 2020, State Secretary of Finance Hans Vijlbrief writes that he wants to extend the so-called supplier credit reinsurance until 30 June 2021. This is good news for insured suppliers, as it allows them to continue supplying their customers under cover.

We already saw the first signs of a slowdown in the global, and therefore the Dutch economy, last year. Usually, the staffing industry felt this immediately, as the number of staffing hours fell. Nevertheless, 2019 was a fine year for most staffing agencies. Until the coronavirus struck in early 2020. The labour market completely flipped. The first blows are visible in the staffing industry, which is considered the thermometer of the economy. It is therefore clear that the hardest blows are yet to come.

The holiday season is approaching. For many people, it will be a different holiday than planned. But what will be no different is that many companies run into liquidity problems precisely during these summer months. Now perhaps even worse than in recent years. Because although the government has taken good measures to support companies during the corona crisis, it remains to be seen whether these measures are sufficient. In this article, we explain where summer liquidity problems come from and, more importantly, how you can guard against them.

As corona measures continue to be relaxed, more and more companies are becoming operational again. This is of course mostly positive, but it also brings challenges. For instance, in terms of delivery and being supplied. In this article, we will tell you more about this challenge and what you can do about it.

Smaller entrepreneurs often have to wait (too) long for their money. Sometimes so long that they go bankrupt before they receive their money - to which they are really entitled. Fortunately, smaller entrepreneurs are getting the much-desired (and much-needed) support from the government.

In our last newsletter, we informed you that an agreement on a state guarantee for credit insurance as a result of the corona crisis was imminent. We then had to wait another month for it, but last Tuesday 26 May was the day: the European Commission approved the guarantee scheme for the reinsurance of supplier credits by the Dutch state. In this article, we zoom in further on the content of the schemes and give our views on them.

In these corona times, Paul van Uden is annoyed by companies and parties that are not cooperative and flexible. In the opinion piece below, the managing director of Xolv argues for more cooperation in the chain, as he believes this is the only way to get through the crisis in the best possible way. Credit insurers are also taking responsibility in this regard, Paul writes. Contrary to what many people often think...

For weeks now, the media have been reporting on talks between the Dutch state and credit insurers about a state guarantee to keep the economy going. We would have liked to have told you more about the exact content of these measures and what they mean for you and your business at this point. However, there is not yet a final agreement on an arrangement whereby the state guarantees part of the risks.

The role of banks, credit insurers and government is often highlighted in times of crisis. So too in the current corona crisis. Calls for government support measures are rising by the day. But what is often overlooked in this discussion is the role of SMEs. Because that role is perhaps (much) more important than many people think.