Credit insurance - All Inclusive meeting

Credit insurance for medium enterprises

"All inclusive" credit insurance is a new package of services optimally tailored to your company’s needs. The conditions of insurance contain attractive solutions developed throughout the several years of our operations and available so far only for large enterprises. "All inclusive" is addressed at SMEs dealing with credit-based sales of goods or provision of services in Poland and abroad.

What is the subject and scope of insurance?

Insurance coverage comprises undisputable receivables on account of credit-based sales of goods and services. The maximum due date is 180 days. Insurance can cover receivables from customers from all countries in the world. An individual credit limit is established for each and every one of them.

What are the advantages of this product?

- 3 months of insurance for free
- insurance of sales to all countries in the world
- high automatic limit
- payment settlement principles compliant with the accounting principles
- insured event already 60 days after collection report
- no initial fee for debt collection order
- offer preparation within 24h
and many more...

Basic principles of insurance:

All inclusive is characterised by a simple contract conclusion procedure and easy policy management in the course of the policy year

Costs

Insurance premium is calculated on an individual basis. Apart from the rated risk, also the Policyholder himself can have influence the price by deciding what options available in the GCI he would like to use. The policy price can be reduced e.g. by establishing an annual or semi-annual form of payment, increasing the minimum loss or deciding to lower the automatic limit. New customers may be interested in the attractive option of 3 months of free insurance cover. This concerns receivables that accrued before the contract was concluded. The customers who continue the insurance and do not use this option are offered a lower premium rate instead. The cheapest "All Inclusive" policy is available already at PLN 416 per month.

An additional cost is the fee for the rating of the Policyholder’s customers and the monitoring of their financial standing for a period of 12 months.

Indemnity is paid if the following insured events occur:

- a competent court has declared the debtor’s insolvency, dismissed the insolvency application or settlement proceedings have been initiated
- all creditors have consented to an out-of-court settlement
- court enforcement officer has discontinued the proceedings due to the lack of the debtor’s assets
- the Policyholder has ordered collection of overdue receivables, however the full amount of receivables has not been collected within 60 days from placing the collection order– ‘factual insolvency of the debtor’