Package Policy

Package Policy – insurance of short-term export and domestic receivables

Package Policy  allows you to cover both export and domestic receivables with a single policy.  The scope of cover encompasses majority of international markets. In order for the insurance policy to fit the profile of your business, we encourage you to take active part in shaping of the insurance agreement.

Key benefits

• with a single policy you are able to cover both export and domestic receivables
• we offer flexible insurance conditions
• we provide a solid evaluation of the buyer’s financial standing and creditworthiness
• we allow for new buyers to be submitted for cover after the insurance agreement is concluded
• we are able to cover buyers underwritten independently by the client
• we are able to cover receivables arising before the conclusion of the insurance agreement
• we conduct effective debt collection from buyers covered by the policy and we do not charge additional fees for recovered receivables
• we compensate losses incurred as result of default or non-payment for the delivery of goods and services
• we pay every - even the smallest - indemnity  

Package Policy allows you to offer more competitive payment conditions to your buyers, thus enhancing your chances of receiving new orders.  Also, it allows you to focus strictly on the business activities without worrying about the liquidity of your company.  Last but not least, Package Policy facilitates obtaining bank loans and financing through factoring, as the insurance agreement issued by KUKE S.A. may serve as a collateral.

Entities eligible
Package Policy is designed for all Polish entrepreneurs carrying out export and/or domestic transactions with deferred terms of payment.

Scope of cover
Within the  Package Policy we are able to cover buyers from a wide spectrum of countries, except for those with a higher political risk.  If you are interested in covering transactions with partners from the so-called Eastern markets, please refer to the Policy for the East.  

Costs
Pricing is based on a number o variables.  The main determinant is the value of turnover submitted for insurance. However, industrial sector of your company, as well as the number of credit limits issued, also play an important role.  The premium is set individually for each policy.

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.