Coface launches TradeLiner Credit Insurance for Mid-range companies

Patrice Luscan, Coface Group Marketing and Strategy Director.

Aimed at the evolving credit insurance needs of mid-range companies, Coface has modernised its flagship policy, TradeLiner. The move follows from the experience Coface gained through its first global non-payment protection offer introduced fifteen years ago and is based on its desire to work harder to help protect mid-sized companies from credit risk.

Greater transparency and reactivity, reflecting what businesses need

With TradeLiner, Coface will soon be offering companies in 98 countries comprehensive services to protect their business activities in the event of the insolvency or late payment on the part of buyers: prevention of non-payment, collection of unpaid invoices and indemnification, if collection fails or takes longer than expected to complete.

This new offer has been designed and developed to make it easier for companies to obtain credit insurance cover and then manage this more closely, in line with their commercial imperatives. Its key characteristics are simplicity and flexibility:

• Credit insurance cover has been simplified and made easier to understand, with complete transparency on services provided;
• Premiums are billed on the basis of actual turnover and the minimum annual premium is automatically adjusted on an annual basis, thereby helping reduce budgetary uncertainty;
• If a company encounters cash flow problems as a result of unpaid debts, the indemnification time limit can be shortened from five, to four, three or even two months. This is one of TradeLiner’s most valuable and exclusive features.

Comprehensive cover enhanced by a wide range of options

TradeLiner is also a customised solution, due to the many options available to cover various types of risks: political, natural disaster, pre-shipment, disputed debt, advances paid to suppliers or on consignment sales. TopLiner, supplementary cover (which can be requested in the event of initial cover below that requested or refused), has been very well received by companies since its launch at the end of 2012 and is one of the many options available.