Trade Credit
Insurance
The right tool for securing growth
WHAT EXACTLY IS TRADE CREDIT INSURANCE?
NAK Katsiberis is the leading company in the credit insurance industry with a share of more than 12%. The company stands out from competition due to its expertise and deep knowledge of the Greek and the international market.
HOW IT WORKS
TCI is an insurance solution, in the context of which credit risks are analyzed and based on the results, follows the establishment of credit risks for the insured company’s clients. This procedure enables you to have an insurance policy tailored especially to cover your needs, minimize risk and support you in building your path to business growth. You continue your business activities unhindered and if your customers become insolvent or fall into protracted default, NAK Katsiberis acts immediately to ensure that you collect the amount owed to you based on the agreement and your insurance policy.
WHAT ARE THE BENEFITS?
Trade Credit insurance is essential in today’s volatile business environment. Why Trade Credit Insurance is valuable for your business:
01
Provides credit insurance to companies based in Greece or Greek interests’ companies based abroad.
02
Covers its policyholders in case of protracted default or proven insolvency of their clients.
03
Compensates with simple procedures and at a predetermined time..
04
Analyzes and monitors the solvency of customers in any business through continuous data collection.
05
Improves the organization of the Credit Control Department of the insured company.
06
Strengthens the business plans of its clients, expanding their sales to new, reliable markets.
07
Improves.banking and trade relations as a whole.
08
Covers the legal costs of claims.
WHICH BUSINESSES CAN BENEFIT FROM TRADE CREDIT INSURANCE?
Some of the largest companies in Greece – in a range of markets from Trade, Health and Construction to Energy, Tourism, Technology and Services – trust NAK Katsiberis for its reliable and advanced insurance services. Οι σημαντικότερες επιχειρήσεις στην Ελλάδα από τον Κλάδο του Τουρισμού, του Εμπορίου, της Κατασκευής, της Υγείας, των Τροφίμων, της Τεχνολογίας, της Ιχθυοκαλλιέργειας και της Ενέργειας εμπιστεύονται τις ολοκληρωμένες, συμβουλευτικές, ασφαλιστικές υπηρεσίες της NAK Katsiberis.
THE COST OF TRADE CREDIT INSURANCE
The cost of a trade credit insurance policy depends on the policy itself and a number of other factors, that define the coverages. NAK Katsiberis assures you that your business has the most suitable policy in place, at a reasonable cost.
CREDIT INSURANCE: FAQ
What is the difference between credit insurance and warranty insurance?
These are two different insurance solutions, with great advantages for businesses that choose them Credit insurance protects the business from losses arising from the insolvency or protracted default of their customers. Surety bonds allow businesses to guarantee through a third party (insurance company) the fulfillment of a variety of obligations.
Does the credit insurance in cooperation with NAK Katsiberis also cover me for international transactions?
NAK Katsiberis is an official member of the Credea International Union, specializing in trade credit insurance. Credea consists of an independent network of insurance brokers with 46 members around the world.
NAK Katsiberis stands out for its international collaborations. Through the Credea Union, we can negotiate offers and premiums with all Credit Underwriters, modify policy terms and serve every market.
Can I get trade credit insurance regardless of the size of my business?
Yes, every business, small or medium, in Greece or abroad can get a trade credit insurance policy. NAK Katsiberis can support every business with activity in a wide range of markets.
Does credit insurance affect my credit rating?
NAK Katsiberis reviews the creditworthiness of existing and new customers. Based on that, a credit limit is set for each business which is the maximum amount for which you will be indemnified. Credit risk is covered up to the credit limit, which is adjusted according to the creditworthiness of customers.
Our experienced team can offer specialized insurance solutions that meet your business’s insurance needs