Covid-19 Information

Increased flexibility measures in insurance policy conditions

• The extension period of the initial due date of insured trade receivables can be increased by 30 days without our prior approval and by way of derogation from the maximum payment period granted at policy inception
• The claim notification period in case of non-payment is increased by 30 days.

In case of presumed insolvency, the notification period is increased to 30 days from the date when the policyholder became aware of the non-payment. In case of official insolvency, the claim notification period is extended to 30 days from publication at the BODACC in France or other international publication in case of insolvency procedures abroad. Be aware that the stop shipment clause remains unchanged and contractually applicable as per originalpolicy general terms and/or particular conditions prior to these flexibility measures.

At this time, the above measures are applicable to all maturities falling due until May 31st, 2020. They will be reassessed and renewed as necessary.

Cash flow supporting measures for Very Small French Companies, as well as Small and Medium-Sized French companies

• Any indemnity due under the policy will be paid 30 days earlier than contractually due, starting April 1st.Therefore, indemnities due in May will be paid to our policyholders in April.

You can rely on all of our teams at Groupama Assurance-crédit & Caution to prepare for the future with determination..