Do you sell goods or provide services on account? Swiss companies give their customers credit on a daily basis through payment periods - and they do so interest-free and without the guarantees that a bank would ask for in return. Late payments limit your liquidity and can even threaten your existence. AXA Credit Insurance gives you more financial security: We step in as a credit insurer as soon as a payment is missed.
With credit or commercial credit insurance, you insure worldwide losses you suffer as a result of suspected insolvency and insolvency of all your B2B business customers. Credit insurance is often a good idea to gain a competitive advantage. For example, if you offer your business partners more attractive purchasing conditions than your competitors and would like to guarantee your liquidity at the same time . Or if your business depends financially on a small number of customers and late payment could endanger your cash flow. Credit insurance is suitable for businesses that have an annual turnover of at least CHF 2 million and is mainly aimed at corporate customers.
With accounts receivable insurance, you have the option of selectively insuring certain customers (as well as business partners and private individuals) in Switzerland and in neighboring countries (up to CHF 100,000 for all outstanding invoices with this debtor). The insurance is suitable for companies with an annual turnover of up to CHF 9 million. Corporate and private customers can be insured. With accounts receivable insurance, you buy insurance cover for individual customers through a credit limit. This limit is designed to cover all outstanding invoices and is valid for a specific period of between three and twelve months.
Even long-term business relationships are not immune from bad debts. Deteriorating solvency often creeps in gradually with long-term business partners. Because of the good relationship, late payments are accepted, until it's too late. Making an objective assessment is that much harder as a result and that much more important, as this assessment is made by a neutral party.
The level of premium is based on individual factors of your business model, such as turnover volume, business sector, outstanding invoices or prior losses and is calculated as a single-digit thousandth of your turnover.
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