Euler Hermes cover for bad debt losses - credit insurance for large companies

Credit Insurance, your cover for bad debt losses

Relationships are founded on mutual trust. Especially business relationships. But if things go wrong, trust is not enough. Bad debt loss can have devastating consequences for large companies too. Protect yourself with security. Cover for Bad Debt Losses has the ideal solution for you.

Our services at a glance

We check - and continuously monitor - your customers' creditworthiness

Global insurance cover (except for some politically unstable countries)

Fast insurance decisions by using online service

Rapid compensation payment when long delays in payment occur (protracted default)

Who can take out insurance cover?

Any company with an annual turnover of more than approximately EUR 2.5 m. Information about credit insurance for companies with a smaller turnover.

What is covered?

In general, we can insure all payments due from delivery of goods deliveries, work in progress and the performance of services, plus production risks and risks involved in sales of plant and machinery. This cover applies globally (except for a small number of politically unstable countries).

What conditions apply?

We examine your company's individual risk situation and your receivables management procedures. A member of staff from our branch in your area contacts you directly to gather the information we need.

When does the insured event occur?

When court insolvency proceedings are opened or dismissed for insufficiency of assets

In out-of-court liquidation or quota share settlements

When an insolvency court confirms acceptance of a debt clearance plan

In unsuccessful enforcement proceedings

In cases of protracted default

How is your premium calculated?

The factors we consider are the sector you operate in, the turnover and the number of bad debts in the last years. The insurance premium thus calculated is only a fraction of a percentage point of your turnover (see premium example).

Your next steps:

Your personal advice

The client service of Euler Hermes is at your call nationwide. By entering your German local area code into the input-field you get the address of a client service near you.