Credit insurance for small enterprises

"Kredyt+" credit risk insurance is an offer addressed at small enterprises 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 the credit-based sales of goods and services. The maximum due date is 120 days. Insurance can cover receivables from customers having their registered offices in the following countries: Andorra, Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Hungary, Iceland, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, New Zealand, the Netherlands, Norway, Poland, Portugal, San Marino, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, the United States of America.

What are the advantages of this product?

Credit risk insurance provides small and medium enterprises with the possibility of becoming independent of financial problems of their buyers. It is particularly important in the initial phases of company operations.

Basic principles of insurance:

Kredyt+ is characterised by a simplified contract conclusion procedure and easy management in the course of the policy year.

Costs

Insurance premium is calculated at the beginning of a given policy year based on the Table of Fees. Individual sums insured have been assigned respective annual premium rates. The sum insured is the total value of indemnities that can be paid in the course of a policy year. The sum insured cannot be lower than the open balance of receivables as of the last day of the closed accounting period.

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.