Tired of “breakfasts” and empty promises?
Every entrepreneur knows this pain: you’ve shipped a product, provided a service, and payment is late. Calls, emails, stress… Ultimately, you either waste precious time collecting debts or sell them to debt collectors for pennies. That’s not business, that’s stress!
What if you could ship goods on deferred payment terms without worrying about whether the customer would pay?
It sounds like a dream, but it is a reality thanks to a tool called “CASCO for your business” - Trade Credit Insurance.
What is it? We explain it in simple terms.
Imagine having a personal bodyguard who guarantees that the money for shipped goods always arrives in your account. If a client doesn’t pay (for example, goes bankrupt or simply “forgets”), this bodyguard—the insurance company—reimburses you for up to 90% of the debt.
Your debt collection headache simply disappears. You hand over this problem to the professionals, while you collect your money and calmly focus on what you do best—growing your business.
How does it work? 5 steps to peace of mind
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We conclude an agreement. You take out an annual policy with an insurance company.
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We check clients. The insurer acts as your personal financial analyst. They evaluate the reliability of your customers and assign them a credit limit. This is invaluable information: you immediately see who you can trust and who is better off working with on a prepaid basis.
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We ship with peace of mind. You work with clients on favorable terms of deferment, knowing that you are protected.
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Problem? We’ll pass it on to the insurer. If the client doesn’t pay on time, you simply report it. The insurance company takes care of everything: legal proceedings, negotiations, and collection.
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We receive compensation. If the debt cannot be collected within the agreed period (usually 3-6 months), the insurance company pays you compensation.
Three Ways to Deal with Debt: The Choice is Yours
| Method | Pros | Cons |
| :--- | :--- | :--- |
| 1. Independent collection/Lawyers | Possibility of recovering 100% of the debt. | Long, expensive, no guarantee. Waste your time and nerves. |
| 2. Sale of debt (Assignment) | Quick, but small money. | Loss of 70-90% of the debt amount. You are simply giving away your money. |
| 3. Trade Credit Insurance | Up to 90% guaranteed, time savings, free customer assessment, bankruptcy protection. | Requires regular premiums. |
Conclusion: Insurance is an investment in your financial security and a tool for growth.
Who really needs this?
For exporters: Protection from currency risks and non-payments by foreign partners.
For Manufacturers and Distributors: The ability to give customers a grace period to be competitive, but without the risk.
For everyone who wants to grow: Insurance allows you to confidently enter new markets and work with new, untested clients.
Trade credit insurance isn’t just a safety net. It’s a powerful tool for business growth. You not only protect yourself from losses, but also receive professional customer reviews, improve your company’s image, and free up time for what really matters—growing your business.
Want to learn how to protect your business from defaults and start working without fear?
Contact trade credit insurance professionals like Credeo Latvija for advice and to find the best solution for your company.
P.S. Stop being a debt collector for your own business. Let the professionals handle it.