The production and delivery of investment goods mean advance payments. The risk of a loss of a receivable represents a high capital risk for both manufacturers and suppliers. Now you can cover this risk!
Who can take out the insurance?
Manufacturers and suppliers of investment goods. General contractors.
What is insured?
Loss of receivables from deliveries of investment goods and/or from factory supplies.
What are the requirements?
A positive credit check by Euler Hermes.
When does cover commence and for how long does it last?
Cover starts with the delivery and remains in place for the insured receivables until they are paid or a claim is made. The production risk may also be covered as an addition.
When can a claim be made?
Not just when the customer declared insolvency but when the customer has been in default for a long time.
What premium charge is taken as a basis?
The premium is charged as a one-off and in advance from the insured receivable and for the agreed credit period.
What fees are incurred?
A one-off credit check fee is charged for each inquiry/project.
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