CESCE Export Credit Insurance: Who Qualifies and What You Get
Protect your international sales by learning how this credit insurance works for businesses selling goods across borders.
This scheme provides insurance coverage for businesses that sell their goods to buyers in international markets.
Who it's for
This scheme is designed specifically for businesses engaged in international trade. If your business sells goods to customers located outside of your home country, you may qualify to use this coverage to manage the risks inherent in cross-border commerce.
What you get
The main benefit is insurance coverage that protects your business from the financial impact of unpaid international invoices. Instead of a flat rate, the coverage is based on the specific risk profile of the buyer you are conducting business with. This means the level of protection and the terms of the insurance are tailored to the individual creditworthiness of your international clients.
What it costs you
To access this protection, you must pay a premium. The exact cost of this premium is not fixed; it is calculated based on the risk profile of the specific buyer involved in the transaction. This ensures that the amount you pay is directly linked to the level of risk associated with that particular international sale.
The catch to know
It is important to understand that this insurance is strictly for business-to-business (B2B) transactions. This means it is intended for companies selling to other companies in a commercial capacity. It is not available for retail customers or individuals making standard walk-in purchases at a shop.
How to apply
- Identify the international buyers you intend to sell goods to.
- Review the risk profile for each of these international buyers.
- Consult with the provider to determine the specific premium for your transactions.
- Access the official portal to begin the process: https://www.cesce.es