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You extend credit to your customers every day. And, because it’s a routine way of doing business, you may not be thinking about the risk you’re taking. But what happens when a customer defaults? The business closes? Even if you’ve never experienced a loss before, it only takes one to greatly affect your bottom line and the future of your business.
 
With trade credit insurance from Coface, your business is protected against loss from bad customer debt. That affords you greater peace of mind to focus
on your company’s success.
DELIVERING A VALUABLE SERVICE…
Coface insures the trade receivables of a USA company that produces environmentally friendly cleaning chemicals. This company, which has genuine know-how and an excellent reputation, is on the verge of obtaining its first major contract with a mass market retailer.
 
After an in-depth analysis of this retailer’s situation, Coface warns the company of the customer’s non-payment risk. The CEO, with input from the plant manager and the head of sales for large accounts, is nevertheless prepared to proceed with this order, which alone would increase the company’s annual sales by 5%.
 
After further reflection, the chief financial officer decides to request a meeting with a Coface analyst, who convinces him emphatically of imminent and serious difficulties with the prospect. In the end, the company passes up the deal and leaves it to a competitor. That competitor is never paid by the retailer, which files for bankruptcy just a few weeks after the meeting with Coface.

OUR OFFERS TAILORED TO YOUR NEEDS

About Credit Insurance

HOW CAN CREDIT INSURANCE HELP YOU?
Credit insurance offers 3 complementary services : professional assessment of the financial situation of your customers, indemnification and debt collection of your unpaid invoices.

Credit Insurance

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