WHAT IS CREDIT INSURANCE?
Credit insurance protects your business from non-payment of commercial debt. It makes sure that your invoices will be paid and allows you to reliably manage the commercial and political risks of trade.
HOW DOES CREDIT INSURANCE WORK?
Euler Hermes' network of risk offices monitors the financial performance and well-being of your customers. We allocate each of those customers a grade that reflects the health of their activity and the way they conduct business.
Based on this risk assessment, each of your buyers is then granted a specific credit limit up to which you, the insured, can trade and be able to claim should something go wrong. This limit can be revised upward or downward as new information becomes available.
Throughout the lifetime of the policy, we inform you of any changes that might impact the financial health of your buyers and their ability to pay you for goods or services you have delivered. In the event that your buyer cannot or will not pay you, you will be insured and indemnified up to the limit of your policy. We can also manage collection of the debt for you if/should the need arise
WHY EULER HERMES?
Euler Hermes is world’s leading provider of trade-related insurance solutions. With over 100 years of experience, we have earned the trust of our clients around the world. We use our knowledge, our hunger to serve and our energy to help you reach new heights and navigate the changing economic climate.
- We provide you with the best knowledge
We have the world’s most extensive risk information database, which we constantly update and cross reference. Our database includes information on over 40 million companies. This powerful information is only available to our clients and we help you use it to fuel your success every step of the way, whether at home or abroad
- We are your partner
Our goal is to help your business succeed. When new information about your customers and trade activities arises, we inform you quickly and clearly so you can adjust your business accordingly. We take a customer-centric approach to service. We continually seek to better understand your business’ needs and exceed your expectation in the service we provide you
- We have proximity to your business operations
We have risk experts and economists in more than 50 countries. Our credit limit decisions are always made close to your risk, with coordination at a global level.
- We provide you with instant, secure access to policy information
Our online system, known as EOLIS, is available to all of our clients. EOLIS enables you to request credit opinions and limits, monitor existing credit limits and those you have applied for, examine your customers' and prospects’ balance sheets, and request debt collection.