The advantage of credit insurance is that the supply of information, debt-collection and optimum cover are purchased as a single package. It is also possible to purchase the different elements individually.
Reliable company information from extensive databases provides transparency of your client’s financial strength. Frequent checks on important changes can give you a head start. In addition, credit reports are also used to follow your competitors’ developments. You are able to purchase credit reports through Meijers Credit.
You would deal with the commercial recovery yourself, however, should you find you are not able to collect the outstanding debt yourself, the legal recovery route can be followed. In that case, it is important to find a reliable partner who is able to convince your debtor to pay the outstanding balance to you. Knowledge about the Dutch and foreign markets and the drive to bring the situation to an acceptable conclusion is of essential importance in this. The partners of Meijers Credit are specialised credit insurers. The costs are covered under the policy.
Credit insurance insures the risk of non-payment if something has been sold on account and a client is unable to pay the invoice. The content of the credit insurance can be tailored to a customer’s specific requirements and needs. Credit insurance enables credit management to be properly streamlined. Credit insurance does not only have a preventative effect; it also offers the chance of minimising the risk of non-payment of debtors. This can in fact be seen as protecting the balance sheet.