Basic Policy Structure
Buyers covered
No buyers may be excluded; you offer your entire debtors book for cover.
Premium
Fixed amount payable monthly in advance by debit order, which will be reviewed annually.
Insured percentage
The percentage of the insured debt that will be paid by Credit Guarantee in the event of a loss.
Early settlement of a claim option
A claim underpayment default, will be due for payment six months after the due date. An earlier settlement of your claim (up to three months) is advisable subject to a maximum claims value and a small reduction in the insured percentage.
Non-qualifying loss
The amount that will determine whether you qualify for a claim or not.
Continuity bonus
A percentage of premium will be refunded from the end of the second insurance year; depending on the overall claims performance and the duration of the policy Government buyers and/or subsidiary/associated companies.
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You Don’t Have To Go At It Alone
Even when well-run and successful, the small to medium-sized enterprise can find its well-laid plans ruined by non-payments it doesn’t anticipate.
Watch the video below to learn how Credit Guarantee offers the smart SME the flexibility to prepare for, and swiftly respond to unforeseen risks.
#BDTVSMESummit
Interview with Gideon Bochedi
about how Credit Guarantee is helping build the economy, guiding SMME’s to avoid risk.
Credit Guarantee brings a contribution to the South African Economy through market intelligence
GENERAL EXCLUSIONS FROM COVER
Government buyers and/or subsidiary/associated companies