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Selective
Credit-Insurance |
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This formula,
similar to reinsurance, serves to protect that
company from selected clients. |
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Companies
concerned |
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Industrial and
commercial companies. |
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Insured
operations |
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Sale of goods
or services. |
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Scope of
cover |
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Domestic, Export. |
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Coverage |
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After the insurer's
assessment, this provides the coverage for:
- the strategic clients
- a department within the company
- clients representing a very large unit credit
outstanding amount
- potentially high-risk clients, as assessed by
the company manager. |
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Collection |
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Beyond a certain
period indicated in your contract, the insurer
will recover your debts. You are then released
from all amicable or legal procedures. |
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Indemnification |
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Should the efforts
to collect your debt not produce a result, the
Insurer will take the place of your defaulting
Client and pay you. Depending on the guarantee
type, the indemnification amount can be up to
95%. |
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Cost |
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Generally adjusted
to the nature and amount of risks on certain buyers.
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