A single contract for all your employees
With covers in :
- Assistance and repatriation
- Medical expenses abroad
- Civil liability
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Repatriation of employees
Month : May 2023
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Goods
Which incoterms govern your contract of carriage?
The Incoterms agreed between you and your customer define which party bears the risk of transporting the goods, and the point at which risk is transferred from the shipper to the consignee.
What are the 4 principles of legal liability for the carrier?
- The carrier assumes liability for himself and not for the goods entrusted to him.
- He is presumed responsible
- Compensation for liability is limited except in cases of gross negligence on the part of the carrier.
- And exemptions from liability
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Operating assets
The main coverings to be studied are:
- The premises
- Machinery and equipment
- Inventories
- Operating loss in the event of business interruption
Our speciality:
- Regularly review your risks with you
- Present you with several hedging strategies
- Manage your subsidiaries' insurance from France
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Fleet
A warranty package for each vehicle
For each vehicle, we will work with you to determine the appropriate coverage.
All your vehicles in one overview
On a listing you can check the vehicles insured. Check additions and deletions. We're also your point of contact for claims management: appointing adjusters, settling with garages.
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Dare to go international
Dare to go international
As part of their international development, SMEs need to learn how to use the full range of solutions available to secure their international business operations, and in particular the risk of non-payment to customers, or country and country liquidity risk.
To protect against this, there are several tools available for securing international payments.
1. International guarantees
They are aimed at small and medium-sized businesses wishing to bid on international tenders. This series of guarantees enables a French SME to bid for a foreign contract under secure financial conditions.
a- Bid bond: enables the foreign buyer to insure against the risk of non-conclusion of the contract. This indemnifies the buyer if the seller fails to sign the contract.
b- Advance payment bond: this is a guarantee enabling the buyer to protect himself and recover an advance payment made in advance, in the event of non-performance or poor performance of the contract. It also enables you to negotiate and obtain significant down-payments to finance your working capital requirements.
c- Performance bond: this is a bank commitment to indemnify the buyer in the event of default or non-performance by the seller under the contract. This guarantee reinforces the credibility of an SME on a foreign market.
This set of guarantees can be supplemented by a non-recourse repurchase of the receivable with a French government guarantee, which enables you to strengthen your cash position by discounting or assigning your receivables to your bank.
2. Documentary credit (CREDOC) and stand-by letter of credit
The documentary credit is a means of payment used to secure international trade. It protects both the seller and the customer.
Credoc ensures that the importer receives compliant products on time, and that the exporter is duly paid. The action takes place in several stages (see diagram) in the presence of the buyer, seller and their respective banks.
How does it work?
Once the seller and buyer have agreed on the terms of the exchange, the buyer applies to his bank for a documentary credit, which is then forwarded to the seller's bank. Once the conditions have been met and both parties are satisfied, the buyer's bank will transfer the funds to the seller's bank. In this way, the transaction is finalized and both parties are satisfied.
Stand-by letter of credit
Stand-by letters of credit are a variant of documentary credits. It facilitates trade with a recurring partner. This guarantee is used by both importers and exporters.
If you buy abroad, your supplier is secured by a bank guarantee. You can request that this guarantee include quality certificates to protect you.
Conversely, if you're an exporter, the Stand By letter of credit you receive guarantees that your invoices will be paid when due, as long as you remain within the guarantee envelope and conditions.
We can help you present your request, negotiate it, and set it up with one of your banks.
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Crisis management
Crisis management
⚠Crisis management,prepare nothing,
can be fatal for a small business 👇
Believing that only large groups can equip themselves with a system that allows them to identify and face a crisis is a mistake. 🛑
Accessible to SMEs, crisis management is essential for any structure.
Learning to anticipate crisis situations in order to face them is within the reach of SMEs.
Moreover, this activity can become a federating axis with concrete practical implementations that enhance your team. 🎯
💡Crisis management TeamBuilding ideas
⬇In an increasingly digital and connected world, don't let the best of the virtual become your worst nightmare!
Two structures can help you on this subject:
👉CapSiriushelps youbuild a simple and pragmatic organization around good reflexes in case of crisis situations.
Through a teambulding approach 👤 Françoise Sance and her team, accompanies you to build your crisis management organization through a team cohesion action.
Cyber-attacks also represent "THE CRISIS" of the moment for companies. A good crisis management is essential for its survival.
👤AndreaCoulange,Magarantie-Cyber accompanies you with a vulnerability audit of your computer system followed by a technical support to adjust your computer protections with the aim of subscribing an insurance cover with an insurer who will bring you financial means in case of cyber attack.
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Your foreign subsidiaries
Your plus?
- No local organization required
- The wording is in French
- You guarantee your liability and your investments
- Save money and control costs
What coverages do we offer?
- Product liability and civil liability
- Property coverage
- Travelling goods
- Health coverage
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Cyber risks
What causes cyber risks?
- Common scams
- Cyber attacks
- System errors
- Computer system malfunctions.
The direct financial consequences of cyber-risks
- Event management fees;
- Additional charges;
- Operating fees (experts, lawyers);
- Ransom;
- Operating losses;
- Recovery costs;
- Loss of funds, image or reputation (misappropriation);
- Data reconstitution costs.
New risks and obligations
- The new European regulation on personal data protection appeared in the Official Journal of the European Union on May 4, 2016, and will come into force in 2018. The adoption of this text should enable Europe to adapt to new digital realities.
Professional liability policies exclude the consequences of computer attacks
- Business interruption due to a problem with company data, as well as recovery costs
- Recovery costs
- The company's civil liability as a result of the data.
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Protecting your company
Protecting your company
Combine your insurance policies with your bank credit lines to protect your company!
📄An insurance contract consists in transferring to an insurance company a feared risk: 🔥 the fire of your warehouse for example.
However, it's hard to predict everything.
Who anticipated Covid-19 and its consequences? 🤔
Your short-term financing lines negotiated with your banks also allow you to deal with unforeseen events: a new contract, late payment or delivery from an important customer.
The short-term financing offered by banks are :
📌 The financing of trade receivables: factoring, discounting or the Dailly law.
📌 The overdraft facility: the overdraft.
📌 Inventory Financing.
📌 And more...
Do you need my help to combine your insurance policies with your short-term lines of credit?
I offer you a 1st free personalized appointment: Make an appointment
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International development
International development
🔗 Market opportunities abroad
🔗 Recruitment difficulties in France
🔗 Land and production costs more favorable abroad
Setting up your first foreign subsidiary is a challenge, but it can be easier ✌️
With the support of a Guichet Unique system ❕
This system enables companies to have a single point of contact with an answer to all their risk coverage needs for :
🗣️ Find the right contact for your local insurance
🆘Protect your employees abroad
💰 Be supported in submitting a financial aid application to your bank and BPI
💼Benefit from contracts covering your risks that comply with local legislation and are written in French.
Would you like to find out more? Make an appointment