Coface has modernized its global credit insurance policy, renamed TradeLiner, to better meet the changing needs of mid-market companies. TradeLiner provides companies with comprehensive services to safeguard their bottom lines in the event of customer insolvency or late payment: protection against non-payment, the collection of unpaid invoices, and indemnification if collection fails or takes longer than expected to complete.
This new policy has been designed to make it easier for companies to obtain credit insurance cover and then to manage this coverage more closely, including:
- Straightforward language, with complete transparency on the services provided.
- A customizable format with many options to cover various types of risk: political, natural disaster, pre-shipment, disputed debt, and supplementary coverage, among others.
- The ability to shorten the indemnification timeline from five months to four, three or even two months if a company encounters cash flow problems as a result of unpaid debts.