Medium-term coverage for individual projects
When you enter into a contract for larger projects - such as to sell goods or provide services over a medium-term (up to 36 months) - it can pose huge risks to your business. If your client does not pay your often substantial costs, this can put you in serious liquidity problems. There are tailor-made solutions in the market specifically for this type of risk. It offers you:
- Protection: your business is covered against non-payment of invoices and manufacturing costs for both domestic and international contracts. In the event of a claim, the insurer pays the loss at the agreed coverage rate;
- Security: each contract forms the basis of an individual policy with tailor-made cover. As the cover is fixed for the duration of your contract, you know where you stand;
- Funding: projects are often difficult to finance but when the risks are insured, financiers are often willing to finance (more);
- Simplicity: because a medium-term solution is specially designed to cover projects for up to 36 months, this policy has hardly any administration after the policy is started;
- Reassurance: you can deliver with confidence.
Long-term coverage for individual projects
If your sales or supply contract has a term of more than 36 months or a value exceeding €5 million, tailor-made solutions are also available. Does your company operate abroad, for example, and do you want to take advantage of growth opportunities and new investment opportunities? Then you know that it is important to protect your balance sheet against exceptional credit. There are cover options for this. Risks such as non-payment, political risks and contract interruption are therefore covered.
There are options to insure non-cancellable limits (up to a maximum of €100 million) for up to eight years. This offers capital relief. This protects your assets abroad and also provides cover for all your import or export transactions. A similar solution is also suitable for financial institutions offering trade and export financing solutions.
Want to know more about these and/or other (medium-)long-term solutions? If so, please contact us via info@xolv.nl or 073 - 820 02 95. Our specialists will be happy to talk to you.
