Cancovering

This service meets the need of all companies to insure their sales, optimising insurance costs in line with the services provided. Cancovering combines the services of credit insurance and non-resource factoring.

All the customer’s sales are insured, non-resource factoring those debtors which concentrate sales and insuring the rest of the commercial portfolio through credit insurance. Customers can also finance their sales.

Cancovering is aimed at companies which:

• Need to insure their sales.
• Concentrate their sales in a small number of customers.
• Need to present healthy balance sheets.

Advantages for the customer

• All sales insured.
• The sales to insure through credit insurance are reduced by removing the most significant debtors by volume. The annual premium drops. 
• Maximum compensation from credit insurance works more efficiently because those debtors with the greatest risk are removed.
• The insolvency risk of the debtors factored is not covered by the maximum compensation of credit insurance.
• The liquidity ratio on your balance sheet improves by transferring the receivables from factored debtors. 
• The customer’s indebtedness capacity is not affected.

Types

Risk coverage through this product can be applied both to Spanish and international debtors (sales in Euros).

• Customer service
• 24h. telephone 948 222 333 - 902 468 000

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• Notice Board
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