We bring you the best possible solutions for your company.

Protection against non-payment of credit sales from date of delivery

Minimal administration on your part

Appropriate for companies that do not have an extremely large turnover or an established credit management team

Enhanced security to finance providers

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Need a personalized solution?

Your information will be kept in the strictest confidence

Industries experience

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.

Our Cover Explained.

Comprehensive Documentation: Explore the Downloadable Resources on Benefits, Covered Risks, and Flexible Policy Structures

Admin Guide –
Small and Medium Enterprise Cover

Brochure –
Small Medium Enterprise Cover

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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

RISKS COVERED

Non-payment of an insured debt due to any of the following occurrences

Insolvency

  • A provisional or final sequestration order granted against your insured buyer
  • The provisional acceptance by the court of a voluntary surrender of the insured buyers’ estate
  • A provisional or final winding-up order granted against your insured buyer
  • The acceptance of a statutory compromise or scheme of arrangement binding on all the insured buyers/creditors

Business Rescue

The formal process introduced in terms of Chapter 6 of the Companies Act providing for the rehabilitation of financially distressed companies whereby: Your insured buyer filing a resolution to place itself under supervision or a court ordering that your insured buyer be placed under supervision.

Payment Default

The failure of your insured buyer to pay an undisputed insured debt within three months after the due date.

Contact Us For More Information

Need a personalized solution?

Your information will be kept in the strictest confidence

GENERAL EXCLUSIONS FROM COVER

Government buyers and/or subsidiary/associated companies

Years of experience

30

Connections

160K

Countries served

89

Get a personal consultation.

Office

Wanooka Place, St Andrews Rd, Parktown, Johannesburg, 2193

Contact

+27 11 889 7000

Email

#info@cgic.co.za

Open Hours

Monday to Friday: 8am — 5pm

Company Information:
Contact Details:

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