State Supported Creditor Insurance
In case SMEs fail to collect their receivables by the Ministry of Treasury and Finance, a significant portion of their receivables are covered by the State Supported Credit Insurance Pool, which is a national system.
Support and solutions for your company are in Kositaş Sigorta!
As Kositaş Sigorta, we strive to represent our customers at all stages from the proposal stage, to policy issuance and follow-up, in the light of our experience and know-how.
What Does It Cover?
Future Sales
SME's term sales up to 120, 180, 240 and 360 days are guaranteed. Open account, cash, credit card, non-bank guaranteed sales, sales made by check and promissory note, forward invoiced sales, sales to legal entities (sole proprietorship, ordinary partnership, etc.) are under guarantee.
For Whom?
Having at least 2 years of history, no tax and SSI debt, meeting risk assessment criteria, a taxpayer other than simple procedure, and obtained from domestic sales in the previous fiscal year the turnover of which is less than 125 million TL; State Supported Credit Insurance is offered for small and medium-sized companies.
Premium Account
In the calculation of the premium, the turnover of the company requesting Credit Insurance from its sales in the last fiscal year is taken as basis. Net premium and maximum compensation are calculated using the table below, based on the turnover obtained from forward sales.
Risk Assessment
In the risk assessment regarding the buyers to be covered under this insurance, the insurance claiming enterprise generates at least 50% of its turnover from term sales and goes from large to small according to turnover size. Correctly ranked buyers are taken into account. As a result of the risk assessment, each of these buyers is scored between 1 (lowest risk) and 6 (highest risk).
