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| eulerhermes.com |
70 NEWS JAPAN - Credit insurance protects your company against the failure of your customers to pay trade credit debts owed to you. These debts can arise following a customer becoming insolvent or failing to pay within the agreed terms and conditions (protracted default).
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How it works is simple: Euler Hermes' network of risk offices monitors the financial performance and well-being of your customers. We allocate each of those customers a grade that reflects the health of their activity and the way they conduct business.
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From this risk assessment, each of your buyers is then granted a specific credit limit up to which you can trade and claim should something go wrong. This limit may be revised upwards or downwards as new information becomes available.
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