A Euler Hermes Credit Insurance product that enables small and medium-sized businesses to protect themselves against the risk of default on their business receivables quickly, simply and at no particular cost, so that they can grow safely. With an understandable contract that can be issued immediately and very easily managed and with a fixed premium, now you have the solution that suits the specifics of your business and your needs for protection.
It covers you from the risk of non-collection of your payments in cases of late payment or proven insolvency of your B2B buyers, operating in one of the following countries : Austria, Belgium, France, Germany, Denmark, Switzerland, Greece, Estonia, U.S.A., United Kingdom, Ireland, Spain, Italy, Canada, Cyprus, Luxembourg, Malta, Norway, Netherlands, Hungary, Poland, Portugal, Romania, Slovakia, Slovenia, Sweden, Czech Republic, Finland. If one of your buyers does not pay you, then we cover 70% - basic coverage - of the debt up to the amount of the maximum compensation per buyer and the annual maximum compensation provided by the contract. All your buyers are covered with 70% basic coverage, if they are not already in arrears. Your basic coverage remains valid during the Insurance Contract, while it ceases to be valid from the moment the damage is submitted.
If you want to increase your coverage for one of your buyers beyond the basic - 70% - you can request Advanced coverage - 90% - by requesting a Grade, online, through the EOLIS system. In this case, Euler Hermes Hellas will analyze your buyer’s creditworthiness and give a Grade, which ranges from 1 (very low risk of bad credit) to 10 (bad credit). In case a Grade from 1 to 6 is assigned to the specific buyer, then we cover 90% of the debt.
You can pay the premiums with one of the following options:
One-time payment
Two equal doses
Four equal doses.
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