Home Trade credit insurance: what is it? The different types of credit insurance policies Global policy

Global policy (whole turnover)

What is a global credit insurance policy?

A global policy is the most common way to secure cash flow. This credit insurance contract allows you to cover your company’s entire turnover (domestic and export) from the first euro of loss in the event of customer non-payment.

Unlike other policies, the whole turnover policy provides broad protection across all insured customers, subject to their creditworthiness as assessed by the credit insurer.

How does a global policy work?

Step 1

The insurer assesses the financial health of customers and sets a maximum policy amount (MP) as well as credit limits for each buyer.

Step 2

If a customer defaults (late payment or insolvency), the insurer compensates the company from the first euro of loss.

Step 3

Indemnification generally takes place after a contractual waiting period (often 4 to 6 months) and within the limits of the insured credit line.

Benefits of a global policy

Immediate coverage

No deductible: coverage starts from the first loss.

Simplicity

A single policy to protect the entire customer portfolio.

Cash flow security

Reduces the risk of unpaid invoices, the main cause of business failures.

Improved accounts receivable management

Enhanced by creditworthiness information provided by the credit insurer.

Enhanced credibility

A sign of reliability for financial and banking partners.

Illustration ampoule

Who is the global credit insurance policy for?

  • SMEs and mid-sized companies (ETIs) with a diversified customer portfolio
  • Businesses generating a significant share of their turnover on credit terms
  • Companies looking to secure their growth without multiplying specific insurance contracts

 

For companies with entities in France and internationally

A framework agreement is set up with common conditions: minimum premium, maximum exposure limits, etc. Each entity has its own contract number and manages its own processes, including credit limit requests, claims, and turnover declarations.

Thanks to strong expertise, Fibus Trade supports you in setting up a perfectly tailored global policy.

Talk to our Fibus Trade experts

Frequently asked questions about whole turnover credit insurance.

How is the cost of a global policy determined?

The premium mainly depends on:

  • the insured turnover
  • geographic exposure (domestic vs export)
  • industry sector and its risk level
  • your history of unpaid invoices

Insurers generally apply a premium rate as a percentage of turnover, adjusted annually based on sales evolution.

How does a global policy differ from a “Single Risk” or “Excess of Loss” policy?

  • Single Risk policy: you choose specific customers or countries to cover
  • Excess of Loss policy: compensation only applies above an annual loss threshold
  • Global policy (the whole turnover): the entire eligible portfolio is covered, with no deductible or trigger threshold. It offers the broadest protection but requires strict monitoring of all sales.

Does this coverage facilitate bank financing?

Yes. Banks and factors are more likely to grant credit lines or receivables financing when invoices are insured against non-payment risk. A global credit insurance policy therefore acts as both a protection tool and a financing lever.

What are the best practices to optimise a global policy?

  • Accurately declare forecast turnover
  • Regularly update customer lists and credit limits
  • Respect reporting deadlines in case of non-payment
  • Use preventive tools such as commercial information and credit scoring