Trade Cover

On-Line Protection

Debt protection and credit insurance are important to every company. If you do not want to lose any time, finding online debt protection and credit insurance could be the answer. TradeCover is the first online B2B debt protection service that offers immediate cover for trade transactions. This online service enables companies to protect themselves against the risk of non-payment and to manage all aspects of their credit insurance contract online, from the first Proposal to the Renewal. All that is needed is a simple workstation and an Internet connection. The contract is designed online, according to your specific needs. TradeCover is currently available to exporters located in non-OECD countries, in accordance with the local insurance regulations.

TradeCover is powered by Atradius, second credit insurer worldwide and leading credit management services provider. TradeCover simplifies time-consuming paperwork and controlling processes. It provides an instant and tailor-made cover that guarantees from 50% to 95% indemnity of the unpaid invoices.

To offer TradeCover to end-users, Atradius relies on credit insurance industry intermediaries and finance management specialist. The innovative nature of TradeCover will further strengthen their role and enhance their service offering.

One online system, two protection solutions: TradeCover GLOBAL and TradeCover SELECT.

TradeCover GLOBAL
Offers the trader an extended on line debt protection program to cover his whole domestic and export debt portfolio.

After having filled in a Proposal Form, your company receives a tailor-made offer through the online system. This offer is designed by the TradeCover Sales Office and includes all parameters of the proposed contract: Cover percentage, Maximum Liability, Discretionary Limit, Threshold and/or Each Every and/or Annual Aggregate Deductible, Bonus Malus, Waiting Period, Contract Cost ….

Immediately after having purchased the TradeCover GLOBAL contract, the online management system enables the trader to apply for credit limits, to reduce, cancel or increase them, to file in claims and to monitor the recovery of unpaid debts.

Advantage: Comprehensive cover

• Tailor-made contract
• Speed: on line service
• Simplicity: on line & low administration
• Security: best encryption techniques
• Cost all included: no additional charge or fees

TradeCover SELECT
Offers the trader a simpler and more specific type of cover. He can actually select the buyers he wants to cover. These buyers are located in OECD countries.

With TradeCover SELECT, a company can protect its business in just 3 clicks:

1. Choosing the Global Cover Line

This is the total exposure on individual buyers the trader would like to cover.

• The trader can choose which of it’s buyers to be covered.

• It’s Global Cover Line can be increased at any time.

2. Choosing the Maximum Liability

This is the maximum amount of money the trader wants to receive to compensate defaulting buyers.

• Because it is unrealistic that all buyers default, TradeCover recommends to choose an amount corresponding to the risk that is likely to incur.

• The lower the Maximum Liability, the lower the cost.

In function of the chosen GCL and MXL, the system calculates the contract cost, which is a fixed amount, all-inclusive and at no additional cost.

3. Requesting Individual Cover Lines

After purchasing the contract, the contract holder may immediately request Individual Cover Lines for each buyer he wants to cover.

Advantage: Selection of the buyers to be covered

• Speed: on line service
• Simplicity: low administration
• Security: best encryption techniques