Trade Credit Insurance
Protection for Your Business Growth and Security your Liquidity
Trade Credit Insurance is a strategic solution that safeguards businesses against the risk of non-payment by their customers, ensuring liquidity and sustained growth.
Today, the global Trade Credit Insurance industry covers over €7.5 trillion in international trade (2023 data), with annual premiums exceeding €14 billion. Credit Insurance provides coverage for commercial transactions, guaranteeing that businesses receive outstanding payments—even in cases of financial distress or customer insolvency.
In this landscape, the role of a specialized broker like VEKRIA ADVISORS is essential for maximizing the benefits of credit insurance.
As an independent broker, we provide end-to-end guidance and support, helping you select the insurance provider that best fits your business profile—offering the highest coverage at the most competitive premium. With in-depth expertise across markets, industries, and the insurance sector, we deliver tailored solutions. We manage the seamless operation of your credit insurance policy, including credit limit applications (permanent, seasonal), risk monitoring, opportunity identification, payment term extensions, and, of course, claim submissions and swift coordination of indemnifications.
We leverage data and insights from leading credit insurers such as Atradius, Allianz Trade, and Coface, as well as from top business intelligence organizations, including Teiresias, ICAP, Dun & Bradstreet, Experian, Moody’s, and S&P Global.
Trade Credit Insurance Providers
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Q&A’s
Everything You Need to KnowAbout Credit Insurance
Credit insurance protects your business from the risk of non-payment of invoices by customers. If a customer delays or fails to pay due to bankruptcy, the insurer compensates 90% of the insured claim.
You protect your revenue, improve your liquidity, enhance your company’s image in the market (with banks, suppliers, competitors, auditors, and shareholders) and gain greater confidence to expand into new markets or collaborate with previously unknown clients.
You issue invoices to your customers as usual, and the insurer covers your claims if they fail to pay by the invoice due date. Additionally, the insurer provides dynamic creditworthiness assessments of your customers.
The net risk premium typically ranges from 0.1% to 0.85% of the insured turnover. It depends on the industry, market, and the risk associated with your customers. The total cost should also include a 15% Premium Tax on the net premium, and in some cases, a 15% Policy Fee on the gross premium.
Tailored to your needs, we can negotiate coverage for Special Risks (e.g., Political Risk, Commercial Dispute risk, etc.) with the insurance provider.
You need to provide the basic information in the Insurance Application form of VEKRIA ADVISORS, which you can find on the homepage of our website. We will take care of finding the most flexible coverage for your personalized needs.
Factoring is a financial solution, while credit insurance is a blend of insurance and financing (compensation). Factoring can be combined with credit insurance for even greater protection.
Compensation is typically made within 120 days from the claim submission, provided the file is complete. With the experience and support of VEKRIA BROKERS, you can be confident that the processes will be expedited.
It allows you to offer more favorable payment terms to your customers, increasing your sales without the fear of non-payment.
Not necessarily. By excluding public entities, affiliated companies, and customers with overdue debts, the insurance company evaluates your credit customers and offers coverage to those considered creditworthy. This helps you to know the financial risks in advance.
4 Critical Factors for Choosing the Right Credit Insurance Package
When considering insurance for your credit customers, it is important to take into account these 4 critical factors:
- The level of coverage you need
- The cost of the premium
- The terms and conditions of the policy
- The solvency and reliability of the insurance provider
Choosing the right broker and, of course, the right credit insurance provider requires careful attention. If you’re uncertain about your choice or need advice, feel free to contact us.
10 Most Important Benefits of Our Collaboration
As a specialized credit insurance broker, we provide solutions that protect your transactions and boost your growth. We prevent risks, ensure liquidity, and simplify every step with strategies that deliver results.
- Risk Prevention
Timely analysis and evaluation of clients to avoid unforeseen losses. - Increased Negotiating Power
Strengthen your negotiating position with customers and suppliers. - Improved Liquidity
Secure your receivables with fast and accurate compensation and the possibility of financing on favorable terms through Bank/Factoring company assignments. - High Response Speed
Immediate handling of requests and quick, well-reasoned responses that meet the need for deeper market insights. - Growth Strategy
Protection in new markets and expansion of existing/new clientele, with the assurance of insurance coverage. - Reliability and Better Corporate Profile
Enhance your image with suppliers, clients, and banking partners as insured for the main part of your Current Assets. - Reduction in Unpaid Debt Recovery Costs
Coordinated efforts for high recovery rates without additional burden or lost time. - Flexible Coverage
Customized solutions with multiple options (seasonal limits, extended credit terms, retroactive coverage, single risk, etc.). - Simplified Procedures
Excellent contract management, minimizing your operational burden. - Support During Compensation
Complete guidance at all stages of claim submission for fast and successful compensation.
Customer Testimonials
What Clients Say About Our Collaboration!"
The policy became a tool for our sustainable growth
“Kyriakos helped us understand that Credit Insurance is a powerful development tool. When we decided to expand into the Romanian and Polish markets, we had serious doubts about the reliability of local partners. He took care of analyzing their creditworthiness, negotiated improved coverage limits, and proposed strategies that reduced our risk exposure.
The result? Within 18 months, our sales in both markets exceeded all expectations, and we felt completely protected.”
H.K
CEO, Export Fruit CompanyHis knowledge of underwriting made all the difference
“No matter how well we knew our clients, the insurer kept asking for more financial data or offered very low credit limits. I remember a specific case where he negotiated coverage for one of our key clients, who was borderline high-risk. He prepared a report that highlighted the stability of the relationship, the client’s payment history, and the overall risk quality.
The insurer not only approved the credit limit but also granted an additional seasonal limit, which absolutely thrilled our Commercial Director. That level of skill is priceless.”
