Credit insurance not a luxury
Given the negative trends in the retail sector, a credit insurance not a luxury. That is why Dirk Vinken of FGHS asked Xolv to develop a customised credit insurance policy to suit the industry-specific needs of FGHS members.
Euler Hermes, a long-time partner of FGHS, was keen to revive the FGHS branch policy credit insurance.
Set limits based on your payment experience
To cover as many of your buyers as possible, the FGHS industry policy allows you to set limits based on your own payment experience. In addition, Euler Hermes has a database of financial data of more than 50 million buyers worldwide.
Before doing business with a new customer, it is important to know whether they are creditworthy. Any payment risks will then become clear.
Guarantee the continuity of your business
Do you have coverage on a client and they do not pay your claim? Then FGHS and/or Euler Hermes will collect your outstanding claim. Should that fail, Euler Hermes will pay out your claim, including the collection costs incurred. This ensures the continuity of your business at all times.
The FGHS industry policy credit insurance also makes it easier to finance your working capital. Based on insured orders and accounts receivable, Xolv has developed working capital financing solutions with 2 renowned financing companies. Besides accounts receivable and inventory financing, procurement financing is unique for FGHS members.
We will gladly inform you
Xolv will be happy to inform you about the FGHS sector policy credit insurance and will gladly provide you with a quotation without any obligation. If you would like to know more about the financing options for your working capital we would be happy to make a personal appointment with you.
