Credit Insurance

The Credit Insurance policy is purchased through the Solunion Credit Insurance company, which provides the following services:

• Solunion will rate your customers based on solvency criteria and assign them an internal indicator, or grade.
• You will have to request a rating for your customers and Solunion will set a credit limit based on each customer's grade.

Find out about the types of grades.

Personalize the Credit Insurance policy based on your needs:

• General policy: customer prospecting and monitoring, recovery and compensation in case of non-payment.
• General Policy + Module for unidentified customers: in addition to the above, it also includes the possibility of buying coverage for customers without a grade.
• General Policy + Annual aggregated deductible: it includes the services of the general policy and the possibility of bearing a certain amount of losses annually that are not covered. After that amount, Solunion would make payment on the claims.
• General policy + Module for unidentified customers + Annual aggregated deductible: it includes the conditions of the three options.

• You must be self-employed with a business activity or an SME or company with a turnover between €100,000 and €5,000,000.
• The maximum insurable sales term is up to 120 days.
• You must be rated by Solunion with a grade between 1 and 7. If this Grade is 8, 9, 10 or NA, you will not be able to take out Credit Insurance through this policy.
• Customers in the rental, software, jewelry, construction, metal, retail and textile sectors cannot purchase this policy (for these sectors, the quotes are tailor-made).
  
• The countries covered are: Austria, Belgium, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovenia, Spain, Sweden, Switzerland, the United Kingdom, the United States.