Negócio Seguro PME


Exclusive solution which covers the non-payment risk for credit sales in Portugal and abroad, allowing for safe growth and internationalization


BPI, in partnership with COSEC, offers various credit insurance solutions. COSEC is the Portuguese leader in credit insurance (according to the Portuguese Insurance Association) and is 50% held by BPI and by Euler Hermes. Euler Hermes is the world leader in credit insurance (according to ICISA – International Credit Insurance and Surety Association), with a presence in 52 countries.

This insurance covers the non-payment risk of the complete Client portfolio with credit sales which fall within the coverage criteria both in Portuguese and foreign markets.

It is characterized by having pre-established, fixed pricing conditions and coverage which allow for the simple and fast customization of the insurance to the structure and size of each company.

Its coverages are divided into Nominative Guarantees (issued after the assessment of the client portfolio to be insured by COSEC): 80% for domestic market and 90% for foreign market; or Automatic Guarantees (issued without prior need for COSEC assessment): 60% for domestic market and EU and OECD countries.



  • Pre-established, fixed pricing conditions and coverage which can allow each company to identify their best solution;
  • Simplified client portfolio management for each SME, with Nominative Guarantees (issued after assessment of the client portfolio to be insured by COSEC): 80% for the Portuguese market and 90% for the foreign market; or Automatic Guarantees (issued without COSEC’s prior assessment): 60% for the Portuguese market and also UE and OECD countries.

Secure Business Growth

  • Greater security through the coverage of the credit risks of its clients;
  • Applicable both to Portuguese and foreign markets;
  • Ease in identifying and accessing new markets and new clients.

Better financing conditions

  • Improvement in the perception of company risk;
  • Possibility of presenting the insurance as a guarantee for financing.

Specialized credit management

  • Access to a specialized professional credit risk analysis service;
  • Assures key information regarding both current and potential Clients.

Effective credit recovery around the world

  • Assures credit recovery in the event of non-compliance and benefits from the experience of COSEC and Euler Hermes (world leader in credit insurance).
Eligible Operations

Risks Covered

  • Client arrears, which had existed for a period greater than the period for the applicable incident laid down in the specific Conditions of the Policy;
  • Bankruptcy or insolvency of the Client, after being sentenced following a judicial proceeding;
  • Composition, moratorium or other proceedings which produces equivalent effects, approved within a revitalization or equivalent procedure, except when such measures do not impact on the rights of the insured as a creditor of the Client;
  • Client insufficiency of funds, judicially certified or recognized by COSEC, in particular in the event of the Client terminating its activity where it does not have any assets which may be subject to pledge;
  • In the event of an incident, the insurance covers the VAT or other taxes in the compensation calculation, despite these not being included in the sales and provision of services in the income statement.

This information is provided for advertising purposes and does not constitute a contractual offer; you must read the pre-contractual and contractual information required by law.

Contracting subject to prior approval by the entities involved and subject to the conditions defined according to the risk profile of each operation.

Banco BPI, S.A., Rua Tenente Valadim, 284, Porto, Tied Insurance Intermediary no. 207232431 (registered with the Insurance and Pension Funds Supervision Authority on 31-10-2017 - more details on the registration available at; authorised to carry on insurance business in the Life and Non-Life Branches with the insurers BPI Vida e Pensões - Companhia de Seguros Vida, S.A., Companhia de Seguros Allianz Portugal, S.A. and COSEC - Companhia de Seguro de Créditos, S.A. Banco BPI, S.A. is not authorised to receive premiums or enter into contracts on behalf of COSEC, Allianz or BPI Vida e Pensões and, as an insurance intermediary, assumes no responsibility for the coverage of risks inherent in the insurance contract.