Now insurable: contracts with a term of up to 3 years 

Published on 07/02/2017

You can also insure the risk of not getting paid on a contract-by-contract basis. This is now even possible for contracts of up to three years' duration. And not only the risk of your buyer not paying is covered. The costs you incur from the moment you conclude the contract to the moment of delivery are also covered. Think procurement costs, production costs and even collection costs. Find out exactly what risks the insurance covers and what your benefits are here.

You will be reimbursed 90%!

If your customer goes bankrupt and the contract you entered into with that customer is insured, you will be reimbursed for the costs and (after delivery) the entire invoice value excluding VAT for 90%. So you can do business with peace of mind and not have to worry every time about whether your customer can pay.

This includes:

  • Contract period assured up to three years;
  • Cover is non-cancellable during contract period;
  • Payment, manufacturing, contract and collection risk insured;
  • Dutch and international buyers insurable;
  • Insured for 90% of costs and (after delivery) of invoice value excluding VAT;
  • Coverage applies to contracts worth up to €5,000,000.

Good to know

Contracts with a duration of more than six months are often excluded from regular credit insurance. However, you can additionally insure contracts of six months or more (per contract). We will gladly check the possibilities for you.

Want to know more? Get in touch.