Europolicy

Europolicy - insurance of short-term export receivables

Europolicy is tailored for small businesses. It provides insurance cover for export and domestic transactions allowing companies to maintain liquidity, which is particularly important at the initial stage of business growth.

Europolicy secures sales with deferred terms of payment to both Polish and foreign buyers (with the exception of Belarus, Russia and Ukraine).  It also allows to cover single transactions or trade with only one buyer.  Simple and transparent procedures facilitate a speedy conclusion of the insurance agreement.  

Key benefits

• we are able to cover an entire portfolio of receivables or just selected buyers
• we provide a solid evaluation of the buyer’s financial standing and creditworthiness
• we offer the lowest premium on the market
• no additional fees for buyer evaluation, risk monitoring and debt collection
• we compensate losses incurred as result of default or non-payment for the delivery of goods and services
• payment of indemnity by KUKE S.A. does not affect the premium
• we pay every - even the smallest - indemnity 

Europolicy allows you to offer more competitive payment conditions to your buyers, thus enhancing your chances of receiving new orders. Also, Europolicy reduces the costs of business by eliminating expenses related to evaluating, and then monitoring, of the financial standing of your trading partners as well as potential debt collection fees. Last but not least, Europolicy facilitates obtaining bank loans and financing through factoring, as the insurance policy may serve as a collateral.

Entities eligible
Europolicy is designed for companies commencing their business activities or those working on a small scale i.e.:

• small exporters with annual turnover not exceeding 1 million euros, irrespective of their domestic sales
• small companies carrying out domestic sales only, provided that the value of these transactions in the last 12 months did not exceed 5 million Polish zlotys
• companies carrying out both export and domestic transactions, provided that in the last 12 months the value of export sales did not exceed 1 million euros and the value of domestic sales did not exceed 5 million Polish zlotys

Scope of cover
Europolicy covers buyers from Poland and 32 European countries:

Costs
Premium is calculated based on the value of the credit limit assigned to each buyer.

Conclusion of the insurance agreement
The insurance agreement is concluded based on an application completed by the entrepreneur. Submitting the application does not oblige you to conclude the insurance agreement. In case of any questions pending please do not hesitate to contact us.

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