We will provide the best solutions..                                                                                                                          

OUR SPECIAL SERVICES
Credit Insurance Dental Plans Mal Practice Auto Ex Jeweler's Package

OUR LOCATIONS
Kapalıçarşı Office Bursa Office İzmir Office Kocaeli Office Antalya Office Kemer Office

For all your personal insurance needs Policem.com is one click away

CREDIT INSURANCE

 

 Purpose of the product

 

 Credit Insurance is a product design especially for export firms and/or firms that work with

Post-dated-check system. This product will give assurance and control the risks of payment collections due to post dated system.

With help of this insurance (within the policy coverage) firms will be able to get their receivable payment under assurance from domestic and international clients, and this will provide them with better capacity for export and national business.

 

Coverage

By this policy, countries which are under assurance will be covered for goods and services within the parameters of limits of this insurance, up to 180 days of term for one year period for their receivable payments.

 .

Since this is a global policy, there will not be any need to prepare a new and separate documents for pre-determined  countries which are under assurance for their deliveries.

They will be considered under coverage under this policy.

 

In case, a bankruptcy or non payment or this type of business related risks occur by these international companies  the policy will have coverage within it’s limits as well.

 

Coverage starts when products are delivered to the transport company by the exporter. At this point, the coverage continues in case the receiver reneges the products.

 

 

 1         Advantages

1.1             Marketing / Support in developing sales strategies

During the time when credit limits for the receivers are established, insurer will gather detailed financial information about target customers of export company and find out about their strenght in business.

This will help to determine risk factors for the insured company to reduce their margin of error in choosing the right clients.

 On the other hand, it will also help them to major on the stronger customers with real and right strategies.

1.2             Risk Management

Usually the export companies get their products from different countries of the world within same market. If one company is orderly paying their payables to one firm does not necessarly means they will be orderly for the other companies.

Since one export company will not be able to have knowledge of a customer’s financial status other then their dealings with its own, he will not access risks clearly. However, owner of credit insurance policy would be able to get all this information about all the dealings of their customers.

 

 By determining and examing the risks customers are taking and by analyzing them, the insurer could determine the future risks on time and inform the insured. If it is necessary due to a unforseen risk, customers credit limit will be reduced or even canceled to recover from further risks.(All businesses  up to notice day will be covered) 

 

 Advantages

Export Credit Insurance, accesses the exports as a whole there is no unnecessary documentation and transaction per invoice. This is a great advantage for the insured export company to save time and money.

 

Customer will not be informed that the exporter company is insured since there will be no direct contacts with the customers and customer still make its payment to the export company.  Insurer will only get involve, if a risk occurs.