Receivables insurance protects your company against loss caused by non-payment for goods delivered or services rendered and covers a wide range of reasons: from financial problems or contractor’s bankruptcy, through political decisions in the recipient’s country preventing payment, to force majeure events.Why is it worth it?
SecurityDevelop sales without worrying about the flow of receivables from contractors
Increased competitivenessExtending the payment terms makes it possible to offer customers more competitive terms of cooperation and thus increases the chance of winning an order.
Making decisions easierThe insurance reduces the risk of making a mistake in the selection of business partners. It allows you to focus on the core business of the company and its strategic goals.
Reducing operating costsThe insurance allows you to reduce expenses related to independent monitoring of the credibility of business partners and costs related to debt collection.
Facilitating access to financeInsurance increases the company’s credibility towards banks and factoring companies, giving the opportunity to negotiate better terms of cooperation and obtain additional sources of financing the company’s operations.
Export developmentThanks to receivables insurance, you can safely develop sales to foreign recipients in even the most remote corners of the world.How it’s working?
- Assessment of the payment credibility of contractorsYou submit an insurance application and indicate the clients reported for insurance. Our team of analysts assesses the payment credibility of recipients and grants each of them a credit limit, i.e. the maximum amount that we will cover if the contractor fails to settle his obligations.
- Conclusion of the insurance contract and payment of the premiumAfter a positive assessment of the contractors’ payment credibility, you sign an insurance contract with us and pay the insurance premium monthly or quarterly.
- Sale of goods or services and payment from contractorsYou deliver goods to customers or provide a service for them. You can obtain financing for your contract using factoring (at KUKE Finance or another factor) and use the policy as collateral for the factor. Thanks to factoring, you will release cash frozen in invoices and you will receive funds on your account faster.
- Contractor monitoringWe analyze the financial condition of contractors covered by the insurance on an ongoing basis and provide information about changes in the limits, which may be increased or decreased depending on the change in the situation.
- Debt collection and payment of compensationIn the event of failure to receive payment from the contractor within the time limit specified in the contract or on the invoice, you ask us to take debt collection actions against the late recipient. When debt collection activities do not bring the expected results, we pay compensation if the insurance conditions have been met.
How much is it?Example: By using the Polisa bez Granic export receivables insurance, you can insure a sale with a 60-day payment term of PLN 150,000 to a contractor in Vietnam for as little as PLN 756*.*The result of the calculation is not binding and does not constitute a commercial offer. The calculation does not include the minimum premium
Which insurance to choose?
Regardless of whether:
- you are a small company or a large enterprise with an established position on the market,
- an exporter or a company operating only locally,
- you want to insure a single contract or the entire portfolio of recipients,
we have the right solution for you. Free consultation
Receivables insurance offered by KUKE
Europolis
Simple, standardized insurance that allows you to insure a single transaction or a selected contractor. The protection covers receivables from contractors from 41 countries, including Poland.
Policy Without Borders
Export sales insurance to 160 countries (outside the European Union and highly developed markets such as the USA, Canada, Japan and Australia). Possibility to cover individual contractors with insurance.
Package
Comprehensive, individually tailored insurance for the entire portfolio of domestic and/or foreign recipients from European Union countries and highly developed markets such as the USA, Canada, Japan or Australia.
Safe Contract Policy
Insurance of a single, large export contract. The deferred payment date for the goods delivered or the service rendered may not exceed a period of two years.
Supplier credit insurance
Insurance of a single export contract of significant value. The credit period of the foreign recipient is two or more years.
Find out more We will select a package of solutions Make an appointment KUKE PFR GROUP offers a set of appropriately selected tools to secure the company’s finances Make an appointment
Success Stories
Spiżarnia insures sales to the European Union markets
We have been cooperating with KUKE PFR GROUP since December 2019. Throughout this period, this institution has proved itself as a serious and professional business partner, committed to cooperation, open to the needs of a cooperating party, reacting quickly and purposefully. Thanks to the insurance we use, we were able to modify and make the trade credit model more flexible, which significantly influenced our competitiveness on the market and contributed to the increase in turnover. We are very pleased with the KUKE PFR GROUP offer, which has been tailored to our specific needs. A great facilitation is the possibility of dealing with most matters online through the customer portal. We recommend the services of KUKE PFR GROUP to any entity that cares about the security of transactions, and at the same time the possibility of offering customers flexible financial solutions. Marcin Żurawski, Spiżarnia Sp. z o. o. Sp. k
Why KUKE PFR GROUP?A reliable business partner We have been insuring commercial transactions of Polish entrepreneurs for nearly 30 years. We offer services that ensure safe trade both in the country and abroad.
Map of export markets Are you thinking about developing exports to other countries? Check KUKE PFR GROUP solutions tailored to the selected market.
