Commercial contract insurance

Commercial Contract Insurance covers your commercial contract during the execution and post-execution period as well as your surety commitments callable on first demand by your buyer.

Various types of insurance​

​You have the option to choose a single cover or combine them according to your needs:​

• Coverage of contract interruption based on losses incurred within the limit of a ceiling defined by the upstream exporter (turnkey standard contract)

• Coverage for non-payment of a range of receivables due during the execution of the contract (standard contract for the supply of equipment with non-guaranteed terms)

Possibility of combining it with our other credit insurance coverage (excluding enhanced guarantee and GPI).

Existence of suitable revolving insurance to the provision of services and intangible goods.

*after the end of contractual obligations

• Coverage against non-payment of payment terms due at the end of contractual obligations

• Coverage against non-payment of supplier credit repayment installments. This allows competitive payment terms to be offered to the buyer and encourages the discounting or assignment of supplier credit to a bank.

*excluding bid deposit

Surety commitments can be covered throughout the risk period in the event of an abusive call (period of execution of the commercial contract and/or post-execution period).

Possibility of being covered under the sole guarantee commitments (except deposit refund deposit).

French company exporting:

• Capital goods
• Industrial complexes
• Provision of services or intangible goods
• Or carrying out public works contracts

Short-term credit insurance:

• French SMEs and mid-cap companies with a turnover of less than €300 million in social security and which export consumable goods, perishable goods, supplies, intermediate goods, finished products, capital goods, services, etc.
• For contract execution periods of less than 24 months.
• Country exclusions: EU, Australia, Canada, USA, Iceland, Japan, New Zealand, Norway and Switzerland.

• Public / Sovereign
• Private

• Export contract with a minimum French share of 20% (or exporting company holding an Export Pass)
• All countries except those excluded under Export Financing Policy

• From the requested coverage​
• The country of the debtor, the status and quality of the debtor, the events giving rise to the loss covered and the duration of the risk

For supplier credit, compliance with the OECD arrangement: financing up to 85% of the export contract and credit duration up to 15 years

• 95%
• 100% in the case of supplier credit for exporting companies with a turnover of < €300 million

Case by case

• Commercial:​
  • Pure and simple default of the debtor
  • Insolvency of the debtor
  • For the risk of contract interruption: arbitrary termination on a case-by-case basis​
• ​Policies​
• Catastrophic​
• Non-transfer

• Maximum 3 months from the due date of the unpaid debt
• For the risk of contract interruption: market interrupted for 6 months

The credit insurance application must be made to a business manager or directly online. After analysis of the application and risk assessment by our services, the operation is presented for decision, either to an internal committee within the framework of the delegations granted by the State to Bpifrance Assurance Export, or to the Interministerial Commission chaired by the DG Trésor (Commission for Guarantees and Foreign Trade Credit) to decide, on a case-by-case basis, on the conditions of the guarantee promise to be issued.

Bpifrance Assurance Export sends the credit insurance application forms to the members of the Guarantee Commission 10 working days before the date of the said Commission. The Guarantee Commission meets every two weeks on Thursdays for civil matters (see the 15 calendar).

A guarantee promise is then issued (General Conditions of the Guarantee) and can be extended until the contractual documentation is signed. The validity period of the guarantee promises is 6 months. Once the commercial contract is signed and all the required conditions are met, the policy can be issued to the insured concerned, entitling the insured to invoice the premium.