Credit Dept.
The largely dynamic national and international economic reality imposes on Companies the taking on of strategies aimed at protecting their own financial stability, generating new insurance needs which require a specialized approach in order to identify the most efficient solutions.
In particular, the correct management of credit within the Company represents a fundamental tool to guarantee an adequate level of financial equilibrium and of solidity, as well as a correct commercial expansion.
Commercial Credit insurance is the most efficient insurance solution to satisfy these needs, representing one of the most valid instruments for protecting the assets of a company and for ensuring a knowledgeable approach with its own clients.
This type of insurance coverage becomes even more relevant when considering the new criterion fixed by the agreements of Basilea 2 which impose Banks the layaway of proportional reserves in respect to the risks deriving from the various relationships with the client companies. The optimal management of commercial credits throughout an adequate insurance coverage represent an important index of reliability of companies which favors the improvement of the rating given by the banks to the companies, and as a consequence, facilitates the access to banking lines of credit.
PCA identifies the most adequate solutions to deal with their Clients needs, proposing the most innovative credit products present in the insurance market. Apart from the traditional Coverage of the global turnover, which covers all commercial credits in Italy and abroad, to which it is also possible to add political risks, there are also more specific insurance products, such as the Coverage for the single supply, which offers coverage for political and commercial risk deriving from a single commercial operation of large value. Also Coverage of the single Client which covers the political and commercial risk of transactions repeated with one or a reduced number of buyers, considered strategic. Also excess coverage in respect to the traditional ones, which provide coverage against the exposures not fully guaranteed. As well, the excess of loss coverage which guarantees the companies which intend on protecting themselves against losses which are exceptional in nature, either in dimension or frequency.
No one is made to do impossible things .. but we try!
Bonds
It is an important tool which provides support to companies apart from the protection of their assets and represented by insurance bonds, provided for in first place by the law for all obligations towards the State and Public Entities, but whose use has become wide spread also in business relations between private companies.
Insurance bonds offers the Client the advantage of avoiding the corrosion of the lines of credit granted by the banking system, and therefore leaving available resources for the management of the financial flux connected to the activities of production.
PCA has been operating in the bond sector for a number of years, guaranteeing, through a qualified structure, efficient brokerage services and providing consultancy at 360 degrees aimed at supporting our Clients through the development of their own business.
Thanks to strong business relationships based on collaboration that has been built over long years with the insurance market, represented by the main national and international insurance companies, today PCA can satisfy the Client’s needs by obtaining the best products in both terms and conditions and rates applied.
The main types of bonds present in the market are represented by the contract guarantees linked to public contract works, as well as by contracts between private companies for the carrying out of works and services. Some examples of the guarantees assimilated to the contracts are: Urbanization fees, Waste Removal, etc.
The guarantees provided for by national laws and EU regulations, such as IVA reimbursement, verifications with adherence and compliance, as well as the coverage provided for by relations with Customs.
