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Credit risk

Credit

Credit insurance is currently the most effective tool for managing commercial risk and the inconveniences derived from non-payment of commercial credits. Not only the non-payment of these and the expenses that this generates, but also a whole series of additional services:

  • Updated information on customers and their creditworthiness

This will allow us to direct our commercial efforts towards those customers or sectors that offer sufficient solvency to guarantee our equity stability.

  • Recovery management

Debt collection management has gone from being a contingency to an almost strategic area in any company. Around 80% of companies suffer from non-payments and the cost/time generated by these actions is very high.

  • Compensation and/or advance payment

The most intrinsic service for which we contract a credit insurance: to recover the amount of unpaid credits.

Surety

Surety insurance is a guarantee that seeks to ensure the fulfillment of an obligation by the client with respect to a third party, designated as beneficiary. The surety insurer will indemnify the beneficiary for property damage if the policyholder fails to meet its legal or contractual commitments.

Main advantages over a bank guarantee:

  • Surety insurance does not compute risk in CIRBE (Central Risk Information Center of the Bank of Spain).
  • The cost of surety insurance is usually lower than that of a bank guarantee.
  • Surety insurance generally does not involve the immobilization of funds.
  • The conditions are more flexible on the part of the insurance companies.
  • Surety insurance facilitates the development of the commercial activity of companies.

We can help you!

Contact us at our nearest office or send us your inquiry through our contact form.

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Recommended insurance

Vehicle fleets

If you have a large number of vehicles in your company, we offer you the possibility of contracting a fleet policy, being able to give each one the coverage adapted to its specific needs.

Transportation

We know that your goods and/or products that you have in your warehouse are well controlled, well stowed and covered by a multi-risk insurance. However, do you know if they arrive correctly and in good condition to your customer? Do you know what mechanisms exist to cover these transports?

Environmental Liability

In 2007, Law 26/2007 of October 23, 2007 on Environmental Responsibility was created with the aim of regulating the responsibility of operators to prevent, avoid and repair environmental damage in accordance with Article 45 of the Constitution and with the principles of “the polluter pays and repairs”.

General Liability

Every business activity involves assuming certain liability risks with respect to third parties. Be it for the ownership of an asset, for a service rendered or for a product supplied. In the latter case, Product Recall Expenses coverage comes into play. Without it, the consequences for the company’s image and economic situation can be very serious.
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AIG

Multiriesgo

902 012 476

Cyberiesgo

914 381 284