Trade Credit Insurance

The business environment today is very dynamic and not only offers a vast choice of excellent opportunities and challenges, but also exposes to tough competition and implies various risks. Therefore, financial stability is important for every company to assure the continuity of its business. Financial stability is provided to companies by Trade Credit Insurance, which allows to carry out safe transactions between the current partners and to acquire new markets. We will carry out an individual assessment of the needs of each client and offer better insurance terms and conditions.

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What is Trade Credit Insurance?

The Trade Credit Insurance serves as a guarantee for payments made against invoices for companies selling commodities or providing services regularly to large numbers of customers on deferred payment terms on the Latvian market, or exporting them to other countries.

The main purpose of Trade Credit Insurance is to help avoid potential significant losses in case, for various reasons, a debtor of yours:

  • becomes insolvent (confirmed insolvency),
  • fails to effect the due payments within the timelines fixed un the document (actual insolvency).

We offer insurance coverage for the entire debtor portfolio or a part of the same (subject to mutual agreement), in order to protect your key areas of business operations.

In case of an insured event, you will receive an indemnity for the losses suffered due to failure of your customers to clear their debt liabilities.

What companies is the Trade Credit Insurance for?

The Trade Credit Insurance is for manufacturers of goods, exporters, wholesalers, and also service providers operating on deferred payment terms on the domestic or global market.

Why to choose BTA Trade Credit Insurance?

Our advantages:

  • We offer individual approach to every customer. We will tailor your Trade Credit Insurance policy to the needs of your company and the specifics of the sector you operate in.
  • Our expertise and knowledge about the Baltic market, accumulated over 15 years, will help you to choose reliable clients.
  • We offer free assessment of risks and fixing of the credit limit for each of your customer throughout the insurance period.
  • We carry out risk reinsurance in one of the largest credit reinsurance companies in the world, which assures that we are able to use its extensive database for granting credits to foreign customers.

Policy purchase options

The Trade Credit Insurance Policy can be purchased using one of the below options:

  • if you fill in the application form available on BTA website, an expert of BTA’s will contact you to find out the required details and prepare the insurance  proposal, and send it to your e-mail address;
  • by calling BTA Customer Service Support at 26 12 12 12. During the call, it is also be possible to pay for the policy immediately;
  • you may visit a BTA Customer Service Centre in person;
  • you may contact a BTA agent, insurance broker.

Where can I find more information?

If you wish to receive additional information about the Trade Credit Insurance or its purchase, please contact BTA Customer Support by calling 26 12 12 12 or using any other means of communication you find most convenient for you. For other communication options, please click “Contacts”.