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