Policy Beyond Borders
With the Policy Beyond Borders, you can effectively protect your sales to up to 160 countries, including those with higher risk.
Who is eligible
Exporters or companies planning to sell abroad, regardless of size and industry.
Benefits
Comprehensive protection
Comprehensive protection against both commercial and political risks.
Improved financial liquidity
Insurance can be used as collateral for factoring to obtain funds from a business partner more quickly.
Increased credibility
Enhancing your company’s credibility with banks and financial institutions, which translates into better financing terms for your export activities.
Extra protection
Option to set an additional Ochrona+ credit limit.
Comfort
A convenient way to take out and manage your policy online: you can sign your insurance policy using an electronic signature, manage your policy via the customer portal, and receive documents electronically.
Policy Beyond Borders Calculator
Steps:
Free debt collection
You don’t have to chase up overdue payments from overseas business partners yourself – our specialists will take care of it.
Low excess
Your own contribution is just 5%.
Free risk assessment
We will carry out a free risk assessment of your business partners and monitor them.
Payment for actual sales
The premium is calculated monthly on the basis of the turnover generated with the business partner.
How it works?
- Assessment of the buyer’s creditworthiness
- You submit an application for insurance and indicate the amount of credit limit for the buyer reported for insurance. Our team of analysts conducts an assessment of the buyer’s payment credibility.
- Conclusion of the insurance agreement and payment of the premium
- After a positive assessment of your buyer's payment credibility, you sign an insurance agreement with KUKE. Every month you pay an insurance premium calculated based on the actual turnover reported to KUKE, which is the only cost incurred by your company during the whole policy period. In case of lack of turnover with the insured buyer or failure to report turnover, a minimum premium is charged. At any time when you need it, you can take advantage of additional insurance cover (Protection+ credit limit or pre-shipment risk insurance) for an additional fee.
- Sale of goods or services and payment from the buyer
- You deliver goods or provide services to the buyer. You can also obtain financing for your contract using factoring (from KUKE Finance or another factor) and use the Policy Beyond Borders as collateral for the factor. With factoring, you can release the cash frozen in your invoices and you get the funds onto your account faster.
- Debt collection
- If you do not receive payment from your buyer within the deadline specified in the contract or invoice, you ask us to take debt collection steps against the defaulting customer.
- Payment of the indemnity
- In the event that the debt collection fails to produce the expected results, we will pay you the indemnity.
Eligibility criteria
The maximum payment term for delivered goods or services may not exceed the period of two years. In case of agricultural goods (according to the WTO classification) the maximum payment term is 540 days.
NOTICE! In connection with the imposition of further sanctions by the European Union on Russia, including, inter alia, the exclusion of Russian banks from the international SWIFT settlement system, KUKE cancelled all credit limits for Russian buyers as of 28 February 2022. Thus, until further notice, it is not possible to obtain insurance cover for goods exported by Polish companies to Russia.
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
Europolicy
Simple credit insurance facility allowing cover of a single transaction or a selected buyer. The insurance covers receivables from buyers from 41 countries, including Poland.
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.
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.