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Insure my Sales with Trade Credit Insurance

Whether you operate exclusively in Hong Kong, China, Taiwan or internationally, you know the importance of protecting your company against unpaid invoices, which can have a negative impact on your cash flow and could pose a substantial threat to your business.

Trade Credit Insurance

« Insuring your company’s sales with credit insurance is vital to ensure its long-term viability. Thanks to our database covering more than 80 million businesses worldwide and combined with our network of collection experts in 100 countries, Coface can offer you unique knowledge of your customers, to help you make educated and accurate decisions for your operations with coverage in over 200 countries. »
Coface insures the trade receivables of Hong Kong SME that produces electronic parts. This company, which has genuine know-how and an excellent reputation, is on the verge of obtaining its first major contract with an international branded manufacturer of electric appliance which requests for 150 days credit terms.
After an in-depth analysis of this manufacturer’s situation, Coface warns the company of the manufacturer’s financial losses in recent years. 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  serious difficulties in cash flow with the prospect due to non-payment of its largest importer in Italy. In the end, the company declines the deal and leaves it to a competitor. That competitor is never paid by the manufacturer, which files for bankruptcy just a few weeks after the meeting with Coface.


What is Trade Credit Insurance?

Credit insurance offers 3 complementary services : professional assessment of the financial situation of your customers, indemnification and debt collection of your unpaid invoices.

SMEs and Mid-sized Corporates

Large Multinational Groups

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