What is Credit Insurance?
Why should I get an insurance?
To operate safely
having secured finance, in the event that your customer goes bankrupt or turns out to be insolvent or even as a result of certain political events
In order to have easier access to financing by the Banks
as many credit institutions favour companies whose cash flow is secure
To develop improved relationships with your buyers
by appropriately assessing their creditworthiness with our contribution
To increase your competitiveness and be able to more easily penetrate new markets
having understood the market and trusting your potential partners
Our Solutions
Global
Global is designed for businesses with established and recurring export sales that want to insure their total export turnover with ECG, with coverage available for up to 12 months.
Key benefits
- Credit limit assessment for each buyer.
- Competitive pricing based on the company’s total export turnover.
- Fast claims settlement through a simple process.
- Easier access to bank financing.
- Coverage of up to 95% of the insured value of total export turnover.
- Protection against both commercial and political risks.
- An insurance policy tailored to the specific needs of the business.
- Coverage for up to 12 months.
Selective Risk
Selective Risk is designed for exporters taking their first steps into international markets, as well as businesses that export occasionally and offer credit terms to their customers. The product allows businesses to insure even a single invoice, regardless of its value, with coverage available for a maximum period of 12 months.
Key benefits
- Credit limit assessment for each buyer.
- Competitive pricing for each invoice.
- Fast claims settlement through a simple process.
- Easier access to bank financing.
- Coverage of up to 95% of the insured value for selected overseas buyers.
- Protection against both commercial and political risks.
- Coverage for up to 12 months.
Supplier’s Credit (MLT)
Supplier’s Credit is designed for businesses exporting large-scale service projects or capital goods. The product provides insurance for individual products, investments or projects sold on credit terms of more than two years.
Key benefits
- Coverage for the full duration of the contract, from the first day through to completion.
- The option to assign the insurance policy to a bank to secure financing for the specific contract.
- Fast claims settlement through a simple process.
- Worldwide protection against political and commercial risks, with coverage of up to 95%.
- Flexible, tailored pricing based on the country of export, project duration and level of insurance cover required.
- Coverage for up to 15 years.
Top Up
Top Up is designed for businesses that already have trade credit insurance in place. When the credit limit approved by their existing insurer is insufficient to meet their commercial needs, ECG provides supplementary cover, selectively covering the gap between the credit limit requested and the limit approved by the primary insurer. This increases the overall level of available insurance protection, enabling businesses to grow their sales with greater confidence without replacing their existing insurance cover.
Key benefits
- Bridges the insurance gap between the requested and approved credit limits.
- Increases credit-insured turnover.
- Maximizes credit risk coverage.
- Enables new business and export opportunities.
- Improves access to bank financing by increasing the value of insured receivables.
- Provides for prompt claims settlement, subject to the product’s terms and conditions.
- Global
-
Global
Global is designed for businesses with established and recurring export sales that want to insure their total export turnover with ECG, with coverage available for up to 12 months.
Key benefits
- Credit limit assessment for each buyer.
- Competitive pricing based on the company’s total export turnover.
- Fast claims settlement through a simple process.
- Easier access to bank financing.
- Coverage of up to 95% of the insured value of total export turnover.
- Protection against both commercial and political risks.
- An insurance policy tailored to the specific needs of the business.
- Coverage for up to 12 months.
- Selective Risk
-
Selective Risk
Selective Risk is designed for exporters taking their first steps into international markets, as well as businesses that export occasionally and offer credit terms to their customers. The product allows businesses to insure even a single invoice, regardless of its value, with coverage available for a maximum period of 12 months.
Key benefits
- Credit limit assessment for each buyer.
- Competitive pricing for each invoice.
- Fast claims settlement through a simple process.
- Easier access to bank financing.
- Coverage of up to 95% of the insured value for selected overseas buyers.
- Protection against both commercial and political risks.
- Coverage for up to 12 months.
- Supplier’s Credit
-
Supplier’s Credit (MLT)
Supplier’s Credit is designed for businesses exporting large-scale service projects or capital goods. The product provides insurance for individual products, investments or projects sold on credit terms of more than two years.
Key benefits
- Coverage for the full duration of the contract, from the first day through to completion.
- The option to assign the insurance policy to a bank to secure financing for the specific contract.
- Fast claims settlement through a simple process.
- Worldwide protection against political and commercial risks, with coverage of up to 95%.
- Flexible, tailored pricing based on the country of export, project duration and level of insurance cover required.
- Coverage for up to 15 years.
- Top Up
-
Top Up
Top Up is designed for businesses that already have trade credit insurance in place. When the credit limit approved by their existing insurer is insufficient to meet their commercial needs, ECG provides supplementary cover, selectively covering the gap between the credit limit requested and the limit approved by the primary insurer. This increases the overall level of available insurance protection, enabling businesses to grow their sales with greater confidence without replacing their existing insurance cover.
Key benefits
- Bridges the insurance gap between the requested and approved credit limits.
- Increases credit-insured turnover.
- Maximizes credit risk coverage.
- Enables new business and export opportunities.
- Improves access to bank financing by increasing the value of insured receivables.
- Provides for prompt claims settlement, subject to the product’s terms and conditions.
What is the procedure to be followed?
Step 1
You contact us, we discuss your needs and your potential buyers and you fill out an interest declaration form.
Step 2
Our experienced team assesses the prospective buyers, analyses the risk and calculates the maximum amount that we can cover for each buyer in case of non-payment.
Step 3
We present you all the alternative options and we end up with the insurance program that suits you.
