If you are an international or national company with debtors abroad, have you thought about covering the risk of loss in the event of non-payment by one of your customers?
With credit insurance, you can cover your receivables up to 90%. Don’t underestimate the impact of a debtor’s loss, which can quickly put a strain on your liquidity and a significant time waste. Imagine, for example, that a customer does not pay you an invoice for CHF 50,000. Depending on your financial margin, such a loss would require 3 to 4 times this amount, i.e., between CHF 150,000 and 200,000 of additional turnover.
Credit insurance allows you to protect yourself against risks when you want to work with companies you know little or nothing about. You can have access to economic information about your current customers, which is not insignificant. If you want to work more with your customers and have additional exposure from a sales point of view, it is necessary to do a risk analysis. Credit insurance covers invoices in dollars, euros, Swiss francs, and other foreign currencies. Don’t wait until you have a loss to act.