If your plant deal goes off the rails, we take the strain of your loss.
In capital goods deals involving plant and machinery it is frequently a problem to predict your customer’s creditworthiness and the future of his business accurately. With a credit period of up to 5 years, unforeseen risks can materialize at any time. So it takes a good deal of courage for an entrepreneur to handle such transactions on open account.
That’s why a strong partner is needed, one who knows all the risks involved in project deals from many years of international experience. That means: besides the pure know-how needed to check the figures, your insurer must have comprehensive experience in restructuring project deals that have gone haywire.
The insurance that always pays off.
Experts check your domestic and foreign buyers’ creditworthiness using credit reports from third parties as well as analysis of the financial statements. You give us the order to carry out, for a fee, a credit assessment by filling out the Prisma Invest questionnaire.
A PRODUCT TAILORED TO YOUR SPECIFIC NEEDS
The basis for the assessment are the key points of the deal you are inquiring about. If the credit check is positive, you will receive a quotation tailored to the specifics of the deal. The premium is calculated on the project horizon and the amount of the sum insured.
We are at your disposal from the commencement of manufacture right through to receipt of the last payment. Our debt collection team already swings into action to secure your cashflow if payment is not received within a prescribed period (protracted default). If your customer goes into insolvency, we indemnify up to 80 % of your loss.
COSTS FOR WORK IN PROGRESS
You begin to manufacture an order – your costs are already insured.
PROTRACTED DEFAULT/COLLECTION COSTS
Your customer is unable – or unwilling – to pay. Your cashflow is secured nevertheless.
PR1SMA.INVEST – just as individual as your needs.