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
International coordination of credit insurance cover has gained enormous importance. The reason for this is primarily that flows of goods are being increasingly globalised.
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.