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What is credit insurance?

Credit insurance allows an effective management of credit to clients and covers losses arising from non-payment of credit sales of goods and services, in Portugal or abroad.

It is aimed at the corporate market (Business to Business), offering a support service to minimize non-compliance and optimize the company's risk management.

COSEC ensures your cash flow, through compensation, and manages the debt collection process, namely, in the following cases:

Delay in payment

Bankruptcy or insolvency

Approval of reorganization or moratorium

Insufficient means of payment

Who needs credit insurance?

- Companies that have faced debit losses in the past.

- Companies whose clients are in high-risk sectors or markets.

- Companies looking for new business opportunities, both in new clients and new markets, and require more information.

- Companies that want to minimize credit management costs by accessing customer risk analysis or factoring.

COSEC offers products for companies of all sizes:
Small, Medium, Large, and Multinational.

Why contract credit insurance?

Contracting a policy not only secures indemnity against a claim; it will be the main tool for you to prevent foreseeable losses. In the event of unforeseen losses, compensation shall be granted.

It prevents losses and protects your company’s finances in case of default in the payment of sales on credit.
It improves financial monitoring and operational effectiveness, with the support of a team specialized in the assessment of credit decisions, supported by the access to the largest corporate database in Portugal. Furthermore, it allows a reduction of the value allocated to impairment prevention in your balance sheet.
It strengthens your financial relationship with creditors, due to the safety of converting credit accounts into realizable assets and to the protection of the client portfolio.
It assists in the expansion of sales, ensuring the evaluation of current and potential clients, as well as permanent risk monitoring.
If you wish to know more about this and other COSEC products suited to your company, do not hesitate to contact us.

The information provided on this page does not exempt the consultation of the legally required pre-contractual and contractual information.