A credit insurance covers unpaid invoices when a customer goes bankrupt or fails to pay for an extended period. You receive compensation for the insured portion of the invoice.
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Credit insurance
Do you provide goods or services on credit? Then you run the risk that customers do not pay or pay late. A credit insurance protects your business against financial losses due to non-payment or bankruptcy of customers. This way, you safeguard your cash flow and your growth is not dependent on the payment habits of others.
Together with our specialized partners, Van Dessel Insurance Brokers helps you develop a credit insurance tailored to your sector, customer base, and international activities.
What is a credit insurance?
A credit insurance is an insurance that protects your company against the risk of customers not paying their invoices.
This can include:
- Insolvency (bankruptcy or judicial reorganization)
- Prolonged non-payment
- Political risks in export (such as payment bans or government measures)
The insurer analyzes the creditworthiness of your customers and determines an insured credit limit for each customer. If a customer does not pay within the agreed term, you will receive compensation for the insured amount after file follow-up.
A credit insurance policy is therefore not just financial protection, but also a tool for professional debtor management.
What are the benefits?
Covers unpaid invoices in case of bankruptcy or prolonged non-payment.
Covers your cash flow and limits unexpected financial losses.
Covers commercial risks with domestic and foreign customers.
Cover growth with confidence thanks to predetermined credit limits.
Who is this insurance for?
A credit insurance policy is of interest for:
- Businesses that sell on invoice with payment terms
- Wholesalers and manufacturing companies
- Construction and project companies
- Exporters and internationally active companies
- Fast-growing businesses with increasing customer risk
The larger your customer portfolio and the longer your payment terms, the greater the risk of non-payment. Companies with a strong focus on just a few large clients also face increased risk.
What is covered and what is not?
What is covered?
- Unpaid invoices due to customer insolvency
- Persistent non-payment after the agreed waiting period
- Commercial risks involving domestic customers
- Political risks in export transactions (if included in the policy)
- Debt collection costs through the insurer
What is not covered?
- Disputed invoices (for example, due to disagreements about delivery or product quality)
- Sales to private individuals
- Undeclared or unapproved credit limits
- Internal fraud within your own organisation
How much does this insurance cost?
The premium for a credit insurance policy is usually calculated based on:
- Your annual turnover
- The proportion of sales on credit
- The risk profile of your customers
- The sector in which you operate
- The countries in which you do business
Usually, a percentage is applied to the insured turnover. The better your debtor management and the more stable your customer base, the more favorable the premium.
Van Dessel compares various insurers and negotiates the best terms for you.
Stories from our customers
Groep Steylaerts
Patrick Steylaerts: “Wij hebben het volste vertrouwen in onze verzekeringspartner Van Dessel.”
Germo bvba
Bram Gers: "Vooral het maatwerk is de reden waarom ik met Van Dessel in zee ben gegaan."
Van Wellen Group
Tom Bolsens: "We waren verrast dat er uit zo'n kleine hoek dreiging kon komen."
Our promise to you
Personal & involved
a tailor-made partner
We start from your specific situation and take the time to thoroughly understand your risks, needs, and objectives. This way, you receive advice and guidance tailored to your business and everyday practice.
Expertise & experience
already 80 years in insurance
Thanks to our years of experience, we analyze your risks and insurance needs with a broad perspective. We provide a well-thought-out approach, clear solutions, and the right protection for your business.
Customization & innovation
beyond standard insurance
No standard formulas, but solutions tailored to your activities and challenges. From analysis and implementation to support in case of claims: we provide an approach that works in practice.
Would you like to receive a quote?
We analyze your activities, contractual obligations, and risks. You will receive a clear, tailor-made proposal for your company.
Request a quote without obligation or contact us for personal advice.
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