Coface launches an innovative offering for SMEs: SafeTrader a simple on-line solution to protect against unpaid invoices
Recognising that a quarter of bankruptcies are linked to unpaid invoices, Coface is introducing an innovative solution targeted at SMEs, key drivers of economic growth in the UK.
Particularly vulnerable to the consequences of unpaid invoices, small and medium-sized enterprises (SMEs) are also the least protected.
Coface has developed a tailored SME offering with two aims in mind: protection and accessibility. SafeTrader provides quality cover adapted to the needs of SMEs up to a turnover of £3m, as well as an easy subscription process, leaving business owners free to concentrate on their core business.
For a fixed price payable up front or by instalments,SafeTraderis a simple credit insurance policy.
The benefits are:
- monitoring that gives SMEs information on the quality of their customers in order to limit the risk of unpaid invoices,
- collection of unpaid invoices and rapid indemnification in case of a claim.
Coface has also developed a completely new way of subscribing to credit insurance policies on-line. Eligible SMEs are able to configure online the insurance protection that is most suited to their business. In just a few minutes, enterprises can put in place protection against unpaid invoices domestically or overseas, and if they wish, speak to an advisor from the integrated hotline.
"SMEs need to be able to concentrate on running and growing their business, in a climate of trust and security. They need solid insurers who bring them stability by protecting them against unpaid invoices. With SafeTrader, companies have an easy way of protecting themselves against unpaid invoices at home or abroad” says Frédéric Bourgeois, Managing Director Coface UK and Ireland