Top-up trade credit insurance cover: TopLiner

Trade credit insurance is a protection against the risk of non-payment of debts in Romania and abroad.
An additional guarantee, sometimes called top-up trade credit insurance, allows you to exceed the guarantees given by your trade credit insurer by adding higher limits. This top-up credit insurance complements your traditional credit insurance lines. At Coface, our top-up cover is called TopLiner.

Trade credit insurance in its standard form may sometimes not be sufficient to secure a contract with new prospects or existing customers. The needs of your business may sometimes require exceeding the basic limit granted. It is therefore necessary to review the need for cover against non-payment and to provide top-up credit insurance to cover the total amount outstanding.

Taking out a top-up credit insurance policy (called TopLiner at Coface) is very simple as it is done 100% online. After subscribing online, Coface proposes a price adapted to the risk you wish to insure and takes into account in real time the amount and duration of cover you wish to obtain.  The price is adjusted and delivered online, which allows you to assess the increase in risk.

Top-up trade credit insurance is also attractive because the cover is non-cancellable for a period of time that you determine, and for your customers worldwide.

When you buy a top-up credit insurance :

• You choose the additional amount to be covered (from €5,000 to €5,000,000)
• You set the duration of the guarantee (between 30 and 90 days)
• You can vary these different parameters online if necessary according to your needs

Coface's expertise allows you to calculate the cost of your credit risk directly. You can then compare it with your net margin to check that your business operation remains profitable.