Europolicy
Simple credit insurance facility for small and medium-sized companies, as well as a solution for large enterprises that want to cover only a single transaction or a selected buyer. Europolicy is a solution that protects the company against the risk of not-payment from buyers based in 41 countries, including Poland.
Who is eligible
Europolicy is a credit insurance solution designed for a company commencing its business activities, and for a large company looking for a selective insurance cover (of a selected buyer or a single transaction).
Benefits
Secure Sales
Your company is protected against the risk of non-payment for the supplied goods or services rendered.
Tailored Coverage
We are able to cover selected buyers or even a single transaction.
Effortless Insurance
Simple and transparent insurance procedures tailored for small businesses.
Global Reach
The insurance covers the majority of European markets, including Poland.
Transparent Pricing
The premium is the only cost incurred by your company, there are no additional fees or underwriting and debt collection.
Which countries are covered by Europolicy?
Do you have trouble selecting the right solution for your business? Contact us!
Our consultant will help you choose the right package of solutions to support your company's foreign expansion.
How does it work?
- Assessment of the buyer’s credit worthiness
- The company completes an insurance form and specifies the credit limit for the buyer submitted for the insurance. Our team of analysts then evaluates the credibility of the buyer.
- Conclusion of an insurance agreement and payment of insurance premium
- After a positive assessment of the credibility of a business partner, the company concludes an insurance agreement with KUKE and completes payment of the insurance premium. The agreement remains in force for a period of 12 months. The premium payable upon the conclusion of the agreement is the only cost incurred by the company throughout duration of the insurance policy.
- Delivery of goods or services and payment by the buyer
- The company delivers the goods or renders the service to the buyer. Next, the buyer makes the payment within the timeframe specified in the contract or stated on the invoice.
- Debt collection
- Should the buyer fail to complete the payment within the specified payment period, the company requests that KUKE initiates debt collection procedures in relation to the buyer in default.
- Indemnification
- Should the debt collection fail to bring the anticipated effects, indemnity is paid out to the company.
Eligibility criteria
In order to be covered by the Europolicy insurance a company is required to sell goods and/or services with a deferred payment term (on credit terms) to buyers based in selected 41 countries.
Solutions for large companies
Manage credit and investment risk comprehensively.
- Our solutions are tailored individually to meet the needs of your business.
- We support sustainable growth of Polish enterprises both in the local market and abroad.
We will help you choose solutions best suited for your business
Other products in our credit insurance range
Package
Comprehensive, tailor-made insurance cover for the entire portfolio of domestic and/or foreign customers from European Union countries and highly developed markets such as the United States, Canada, Japan and Australia.
Policy Beyond Borders
An export credit insurance covering 160 countries (outside the European Union and highly developed markets like USA, Canada, Japan or Australia) with the option of cover for a single buyer.
Supplier Credit Insurance
Insurance cover for a single high-value export contract. The duration of the credit for the foreign buyer is two or more years.
KUKE GAP
Insurance cover for receivables that exceed the basic limit set out in the main insurance policy.