Whole Account Policy - Credit Insurance - Euler Hermes Canada
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    • Whole Account Policy

    A tailored plan for worldwide protection

    Whole Account trade credit insurance from Euler Hermes Canada is designed for Canadian companies that trade domestically and/or internationally. The Whole Account Policy is a simple, reliable way to insure domestic and export accounts receivable in one comprehensive program. Both commercial and political risks can be covered covered in this flexible policy.

    Euler Hermes Canada's Whole Account Policy can provide protection against non-payment, slow payment and insolvency caused by losses due to commercial or political events. Political events generally mean new government legislation or regulation, acts of war, or cancellation of a previously valid import or export license which occurs in the country of your buyer and prevents, restricts or delays payment.

    Underwriters in each country will work in conjunction with you to support your credit decisions through access to Euler Hermes' database with proprietary information on more than 43 million companies worldwide.

    A Whole Account Policy can benefit your company if you:

    • Are expanding into markets abroad and looking for a way to secure payment on domestic accounts, but recognize that political risk for foreign customers is just as great as the risk of insolvency

    • Have trade credit insurance on your export accounts but want that same protection for your domestic accounts

    • Hold separate domestic and export policies with different insurers, but would prefer a single, seamless policy

    Whole Account Policy Highlights:

    • Protection against catastrophic bad-debt losses

    • Safely expand sales to existing or new foreign or domestic buyers

    • Online policy management system EOLIS makes policy management simple and convenient

    • Secure better financing terms and borrow more working capital

    • Cheaper, quicker and easier than letters of credit

    • Pre-approved coverage for large accounts - discretionary coverage on other accounts

    • Ongoing account monitoring provides early warning of potential credit risks

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