Credit insurance allows companies to protect themselves from suffering losses when their debtors are in arrears, for example, due to insolvency. In such cases, the insurer guarantees that the creditor’s claims will be met. Examples of such insurance policies are export, capital goods, leasing or trade credit insurance. Trade credit insurance covers the risk of losses due to the default of receivables for the delivery of goods or the provision of services. It is the prototype of bad debt insurance, which often also covers receivables from foreign debtors.
BLD advises insurers on product design and emphasises customer-oriented, transparent and legally sound contract terms. We implement your ideas for new products and help with the redesign of existing terms and conditions. If differences of opinion arise, we develop quick, pragmatic solutions that take into account all interests to the benefit of all parties. If a conflict cannot be resolved, our many years of experience in litigation enable us to conduct proceedings strategically and in a client-appropriate manner. We provide support in claims cases involving foreign entities by involving qualified colleagues from our international lawyer network, Legalign Global.
