When you’re not sure your clients will pay what they owe you, managing your company’s cash flow can be a difficult task. However, rather than taking a chance, consider credit insurance to help you handle your company’s cash flow. In the case of business companies, credit insurance will essentially cover the business’ entire turnover–wherever it may be trading–and will include political risks. Additionally, credit insurance will also cover a business company’s key accounts or exceptional losses. You tell the insurance company which accounts you want to cover and you pay a monthly premium based on the creditworthiness of your client and the amount of credit your company is extending to that client. Especially in this unstable economic environment, these policies, known as business credit insurance, trade insurance, bad debt insurance or accounts receivable insurance, may be a worthwhile investment.
The Euler Hermes Group provides global financial solutions for trade receivables, and is the world’s leading credit insurer with a 36% share of the market. The Euler Hermes Group assists more than 50 companies of all sizes and in every industry sector to aid them in secure business development. The company, though credit insurance, has developed a comprehensive range of services for the management of companies’ accounts receivables. With their unparalleled risk experience acquired through its coverage of 40 million businesses worldwide, Euler Hermes is able to help businesses flourish in their home market and in export markets as well. In response to specific multinational companies’ needs, Euler Hermes has developed a specific structure: Euler Hermes World Agency, which includes a dedicated central team and a network of local correspondents. With this in place, international groups benefit from one single agreement with the parent company, one single contract and a single account manager while keeping local policies directly managed by Euler Hermes offices. Combining expertise in credit insurance, pensions, investment and banking, Euler Hermes created the optimum financial solutions for your individual way of life.