Credit Insurance
Trade and grow with confidence
What is Credit Insurance?
Trade credit insurance protects your business from bad debts. It insures your accounts receivable and protects your business from unpaid invoices caused by customer bankruptcy, political risks, or other specific reasons agreed upon with us.
Trade credit insurance is also sometimes known as debtor insurance, export credit insurance and accounts receivable insurance.
How Does Credit Insurance Work?
1. We assess the creditworthiness of your prospect or customer and inform you whether we can insure your sales to them, and if so, for how much.
2. You start trading and inform us regularly about your turnover with the insured customers. The frequency of the turnover declaration is defined in the contract.
3. Unpaid? Per the contract, we’ll first attempt to collect the debt through our collection service. If unsuccessful, we’ll settle your claims based on the agreed policy terms.
How much does Credit Insurance cost?
The cost of your credit insurance policy is calculated as a percentage of your turnover, combined with the level of risk in your portfolio. The greater the risk, the higher the premium.
Credit insurance typically costs between 0.1% and 0.5%. This means that, on average, our customers pay between 10 and 50 euro cents for every 100 euros we insure.
Most of our customers pay their premiums monthly and renegotiate policy terms at the end of the insured year.
What are the benefits of credit insurance?
- Protect cash flow by insuring receivables and reducing the risk of non-payment.
- Sales growth opportunities with competitive credit terms and confidence to expand into new markets.
- Strengthen credit control through professional risk assessment and monitoring.
- Improve financial planning and better access to funding.
- Support your global trade with coverage for cross-border transactions.
- Enhance reputation by meeting stakeholder risk standards and showing strong credit practices.
“The relationship and service levels provided by Sentinel Insureare second to none. Sentinel Insure fully understands our business needs and requirements.”
Our customer service
What is our service promise
One policy, personalised options – Modula
Modula allows for varying levels of risk and need between customers to be clearly identified and differentiated. Providing a single policy promotes.
Debt collections brings peace of mind
In addition to covering up to a maximum of 95% of bad debts, our debt collections service is an integral part of your policy. This means that, for no additional cost, we will help you settle…
