Credit & Guarantee Insurance

Protect against financial losses due to the insolvency of your debtors, total refusal to pay or even deferred payment of debts

Trade credit and guarantee insurance protect the entrepreneur from financial losses that may occur at any time.

Some of the cases where Credit and Guarantee insurance is considered particularly useful are those of general insolvency, export credits, installment sales, mortgages and agricultural credits.

Credit-Guarantee Insurance

Credit-Guarantee Insurance is addressed to companies active in trade, shipping, industry, fuel, the primary sector, the food industry and generally in sectors that enable their customers to repay through credit.

Credit-Guarantee Insurance refers to various types of insurance related to financial credits such as:

  • Trade credit insurance, purchased from businesses to insure the payment of credit extended by the business

  • Payment protection insurance, purchased by consumers to insure the payment of credit extended to the consumer

  • A credit derivative, financial instrument or technique designed to segregate and subsequently transfer the credit risk of an underlying loan

What credit insurance does NOT cover?

Trade Credit Insurance usually covers payments for a finite period, usually 12 months, at which point they may be marketed as short-term income insurance. Trade Credit Insurance differs from other types of insurance such as home insurance in that it can be quite difficult to determine whether it is right for a person or not.

  • Sale to the state (administrative courts)

  • Sales in long-term settlement (leasing)

  • Sales to individuals

  • Sales to affiliates or associates

  • Disputed claim

  • Sales to debtors who are not commercial

  • Transactions with governments – states (supervised entities, institutions, etc.)

  • War, civil war, attitude, revolution, terrorist acts

  • Natural causes: earthquake, atomic eruption, volcano eruption

  • Be in a state of proven solvency or late payment before the insurance and be known to the insured

Insure against financial risks today!

3000

Contracts

Individuals and Businesses

1000

Compensation

In all sectors

1200+

Customers

All around Greece