Credit risks: protecting company values and growth
The commercial success of many companies lives and dies with their trade network. Despite supply chains and customer networks becoming increasingly complex in the course of globalisation, many trading firms and manufacturers only supply their products to one or a few main customers even today.
Should one of these main customers fail to pay, either due to insolvency or reluctance to pay, a company can quickly find itself facing substantial losses that threaten its very survival. And when companies are expanding their portfolio of customers, they often have to grant credit to new customers and therefore sometimes face considerable credit risks.
Funk Credit Broker focuses on your needs
The market for protection against credit risks is as versatile as it is non-transparent. Funk creates an overview of the insurance market for you, assesses your specific needs and provides competent support in devising an individual insurance solution just for you. We take on the following tasks and more:
- Selection and information about suitable suppliers
- Contract negotiation up to the point of being ready to sign
- Independent cost-benefit analysis and creation of a transparent market overview
- Regular examination and optimisation of your agreements
- Support in the event of a claim: defending your interests against the insurer
As one of the top independent insurance brokers and risk consultants, we not only have the specialist expertise to holistically analyse and assess your insurance requirements, but also represent your interests through our Funk Credit Broker in negotiations with insurers. We can design all of the conditions to precisely meet your needs and effectively protect your company’s development.
Specialist expertise and current market knowledge for tailored protection
In taking advice from Funk, our clients benefit from full market transparency thanks to our extensive and up-to-date market and product knowledge. The solutions that we devise for you comprise the following and more:
- Commercial credit insurance for receivables
- Capital goods credit insurance
- Programmes for companies operating internationally
- XL (excess of loss) policies
- Protection against political risks
As the “architect” of your credit insurance programme, we carefully select the best providers, develop and simplify your insurance agreements and check them regularly to ensure they are up to date. As a result, you are protected long-term from insolvency risks due to unreceived payments while maintaining a good position for the further growth of your company.
Learn more about credit risks
Claim cover
International coordination of credit insurance cover has gained enormous importance. The reason for this is primarily that flows of goods are being increasingly globalised.
Link: https://www.funk-gruppe.de/en/corporate-blog/international/global-claim-cover/
Insolvency rescission
If a business partner is unable to make payments, the insolvency administrator also checks payments from years prior, posing a risk of unforeseen clawbacks.
Surety insurance protects your projects
Clients want security for their projects. With surety insurance, companies meet their bond obligation and still retain financial freedom.
Risks
Liability risks
The potential liability of companies varies depending on the industry or clientele. Nevertheless, all companies have one thing in common: even small mistakes can lead to severe losses.
Property damage and BI risks
While property insurance is a basic protection every company should have, the risk of business interruption is increasing steadily as well – especially for globally connected players.
Risks in M&A processes
The M&A market is booming: in a constantly changing market environment, transactions are the key to the success and future viability of companies. But their risks should not be underestimated.
Services
Funk China
Investing and operating outside of China becomes more and more essential for Chinese companies. The Funk China Division supports its Chinese clients in managing the risks, challenges and chances of worldwide outbound investments.
Insurance + risk management
Funk devises and implements holistic risk and insurance solutions for companies across all industries, sectors and countries. In doing so, our experts do not only secure your individual assets but also create genuine added value for your company.
Employee health + benefits
Employee benefits concepts are a sustainable component of a good corporate policy. Funk provides comprehensive, transparent advice with a view towards the long-term advantages for your company and your employees.
