Credit Insurance

Trade credit insurance protects your business from bad debts. It insures your accounts receivable and protects your business from unpaid invoices caused by customer bankruptcy, political risks, or other specific reasons that you can agree with us.

Trade credit insurance is also sometimes known as debtor insurance, export credit insurance and accounts receivable insurance.

Step 1: We check the creditworthiness of your prospect or customer and let you know whether we insure your sales to them and if so, how much?

Step 2: You start trading and inform us regularly about your turnover with the insured customers. The frequency of the turnover declaration is defined in the contract.

Step 3: Not paid? In line with the contract we will normally first collect the debt via our collection service. If this not feasible, we will pay your claims based on the agreed policy conditions.

The cost of your credit insurance policy is calculated as a percentage of your turnover combined with the level of risk in your portfolio. The greater the risk, the higher the premiums.

Credit insurance usually costs between 0.1% and 0,5%. That means on a typical policy our customers pay between 10 and 50 Euro cents for every 100 Euro we insure.

Most of our customers pay their premiums on a monthly basis and renegotiate policy conditions at the end of their insured year.

Grow your customer base as potential buyers may be attracted to your credit terms
Enhance trade providing you with the confidence to develop and expand your market
Support cashflow enabling you to build strong relationships with your suppliers and employees
Safeguard customer relationships through improved communication and enhanced credit terms
Improve your access to finance and your relationship with your bank
Meet the risk management requirements of your stakeholders or board and provide peace of mind

Protect your account receivables

By assuring your cashflow with Credit Insurance, you may enjoy a range of benefits including:

increased access to finance, as we can provide your bank with the reassurances they need when extending finance to you
gaining a competitive advantage in your market through identifying opportunities as well as risks
a reduction in your bad debt provision and, in turn a healthier balance sheet
the confidence to seek out new markets and customers and benefit from the growth this may bring

One Credit Insurance policy, personalised options - by an industry-leading credit insurance company

To keep things simple, we operate just one policy – Modula. Within this are a range of modules to suit your needs. Acting as ‘building blocks’ of cover, this allows us to create a detailed and bespoke policy for you, to reflect your individual trade exposures.

This can be particularly useful when operating several policies to cover your different customers or markets.

Modula allows for varying levels of risk and need between customers to be clearly identified and differentiated. Providing a single policy promotes standardisation and clarity, while the individual modules allow for a custom fit and a policy suited to each individual need.

Further benefits of our Modula system include:

Consistency across markets and languages – our multilingual underwriters and legal team ensure your policy is clear and promotes the same meaning in all languages;
Transparency – your policy will only contain conditions that are relevant to you and will not be confused with jargon or conditions that need not apply;
Easy online administration – you can manage your policy directly through our new online system Atradius Atrium.

Quote

"Atradius helped us to grow our business step by step. We have provided a better service, been able to increase activity with old customers, and start business with new ones."

Credit Manager, Large Agriculture Company

Our customer service

Easy account management

You can manage your daily policy activites and analyse your portfolio of your customers directly through our credit management hub - Atradius Atrium.

Learn more about Atradius Atrium

One policy, personalised options - Modula

Debt collections brings peace of mind

In addition to covering up to a maximum of 95% of bad debts, our debt collections service is an integral part of your policy. This means that, for no additional cost, we will help you settle outstanding invoices through our network of collections specialists throughout the world.

Local expertise in local markets

Our experienced team are located throughout the world to support your business in any country, time zone, currency and language.

Case study

Metalco Inc.: Driving new business with quick communication

Ben Green, President and Owner at Metalco Incorporated in Chicago, Illinois, explains how Atradius Trade Credit Insurance has helped him secure new business confidently.

Aug 22, 2024

Read success story

Trade and grow with confidence

Protect your account receivables

One Credit Insurance policy, personalised options - by an industry-leading credit insurance company

Metalco Inc.: Driving new business with quick communication

Ben Green, President and Owner at Metalco Incorporated in Chicago, Illinois, explains how Atradius Trade Credit Insurance has helped him secure new business confidently.

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