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Trade credit insurance by Allianz Trade

Secure your cash flow and minimise the impact of bad debts with the trade credit insurance plan we’ve designed with Allianz Trade.
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Protection against bad debts

Up to 90% of the claim
Get covered for up to 70% of the value of each claim with the option for advanced coverage up to 90%.
With financial updates
Receive updates on the financial status of the companies you do business with.
For easier financing
Lower your credit risk and gain much easier access to bank financing.

Discover the features

Find out the features of the trade credit insurance plan by Allianz Trade.

What you get

Insurance against trade risks 

You are compensated in case you fail to collect debts from your customers. 

This way, you feel secure in your day-to-day business operation with an insurance plan that:

  • Covers your business against insolvency risk or payment delays.
  • Protects your capital.
  • Maintains your cash flow.
  • Facilitates your loan repayments.

Business growth and expansion

When your receivables are insured you:

  • Grow your business as you increase your sales to existing customers or add new ones.
  • Expand in new international markets as you reduce your export risk.
  • Lower your doubtful debt reserve and free up funds to support your growth plans.

Access to financial information

Gain access to financial information about the companies you do business with and your potential customers. 

This way, you can choose more reliable customers in the future and keep tabs on your existing ones.

Easier access to bank financing

Lower the credit risk for the bank and gain easier access to financing. This means you benefit from:

  • More favourable lending terms
  • Increased financing

What it covers

For wholesale businesses

The coverage is exclusive to wholesale transactions, with trade credit extended to other businesses.

Up to 90% of the claim

With the basic coverage, you are compensated to 70% of the value of each claim, up to the maximum compensation for each of your customers.

If you want to increase the coverage against any of your customers, you can request advanced coverage up to 90%.

What’s the premium and how you pay it

<1% of the turnover

The premium is generally less than 1% of your sales and calculated based on your activity and the way you conduct business transactions. 

For example, if your sales in the previous year were €2 million and you want to cover your entire turnover, the premium would be a little less than €20,000.

The premium may increase or decrease from year to year. It is affected by any claims you have made in the past, the customers you do business with and the sector you operate in.

By standing order

Pay the premium by standing order from the account you choose when you apply. Alternatively, you can set up a standing order on your credit or debit card.

 
Tip: If you set up a standing order on a Bonus card, you redeem your Bonus points and get a discount on your premium.

What to do in case of bad debts

Contact Allianz Trade in case your customer is unable to pay you:

  • Over the phone on +30 210 690 0000
  • By email to clientservice.gr@allianz-trade.com 

Once you submit the relevant documents, you’ll receive the insurance payout from Allianz Trade within 120 days.

What you need to get insured

Have a look at the conditions for getting trade credit insurance by Allianz Trade.

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Any questions?

Find the answers you need about trade credit insurance by Allianz Trade.

How can I get access to financial information about my customers through the trade credit insurance plan?

You get access to a database with information about the credit rating and financial stability of your customers.

This way, you can assess the risks involved in your business transactions and stay updated with any changes in your customers’ credit rating.

What businesses is trade credit insurance addressed to?

To small, medium and large businesses.

When is a payment considered late?

When the customer does not pay the agreed upon amount within the agreed upon time frame. This activates the insurance coverage.

Insure your business

Protect your business against bad debts today, by booking an appointment at one of our branches.
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