Getting Started
There are many reasons why companies decide to insure their credit risk:
They want to avoid giving Open Credit to their client when the quality of the client does not justify the limit.
They want to explore new markets and make sure that the conditions they offer matches the credit worthiness of their clients.
The management has decided that the credit risk is not part of the core activity and has to be subcontracted.
They want to have an opinion on their credit risk from a neutral third party.
They want to use credit insurance to improve their financing.
Our relationship starts with the exchange of a lot of information. We will endeavor to understand your business, credit management rules, trading experience and make preliminary assessments of your client base. We will listen to your needs and priorities and, together, we will assess various solutions to answer those needs.
Typically this will result in one or more Non Binding Indication (NBI), that will form the basis for our further discussions until we come to an agreement and sign the contract. The process requires a serious investment from all parties involved and can take some months to reach completion. However, the decision to use credit management is also a strategic decision for your company.
Contact your local Euler Hernes office today
Euler Hermes Group
