Skip to main content

Sales report

How do I determine and declare insured turnover ?

You have agreed a turnover-based premium if the premium rate under point 1 of the Special Terms in your policy is endorsed with the phrase “Turnover with the insured customers”. In this case, we will send you a form entitled “Information for premium calculation – Turnover” at the end of the insurance year.

Link to turnover declaration form

Please complete the six sections of this turnover declaration form as follows:

1 Insurance details

Insurance Policy Number

Period

Insured

This information is usually pre-filled by us. Please check it.

2            Currency

All information to be provided in the following currency:

Please tick the currency in which you are declaring you turnover. This should be the currency agreed in your policy.

3            Clients

Please provide us with details of your turnover with insured clients to enable us to perform the premium calculation.
Explanation: Insured clients are those clients which Allianz Trade has set a credit limit for and those which fall under the discretionary limit (self –
check; if applicable). Please note that the amount of the accepted credit limit does not have any impact on your turnover declaration. You must
declare 100 % of your turnover with insured clients. Example: Client XYZ, Your turnover in the policy period: CHF 500’000, Your requested
credit limit:
CHF 100’000, credit limit accepted by Allianz Trade: CHF 50’000, Your turnover declaration: CHF 500’000

Switzerland/Liechtenstein

Export

Switzerland/Liechtenstein

Export

Switzerland/Liechtenstein

Export

Switzerland/Liechtenstein

Export

Here, please enter the turnover you have made with insured customers. You will need the following:

a. Summary list of customers insured by Euler Hermes

Watch out!

  • Please note that credit limits may have existed during the insurance year that were no longer needed later on or were cancelled. Customers for whom there was no credit limit at the year-end, but who had one before, should also be included in your selection.
  • Insured customers also include customers for whom Euler Hermes has not granted a credit limit, but who are insured by Euler Hermes under the self-check rule.
  • Want to know more about self-checking? 

Our EOLIS online portal can help you search for your credit limits insured customers.

b. Your sales to customers insured by Euler Hermes

Use your accounting software to determine the amount of all turnover, you made with insured customers in the insurance year stated in section 1. „Insurance information“ If credit limits for certain customers only existed for a limited period of time, please query your accounting software for the amount of turnover made with that customer during that period only.

Watch out!

  • Please note that the amount of the credit limit does not affect your turnover declaration. Please report 100% of turnover from insured customers for whom a credit limit exists or existed within the insurance year.
  • Example:
    You made sales of CHF 500,000 to your customer, Buyer Ltd, during the insurance period (1 January to 31 December). On 1 March, you requested a credit limit of CHF 100,000, but Euler Hermes was only able to grant you a credit limit of CHF 60,000. In this case, you should declare turnover of CHF 500,000 (in addition to the sales you have made to other insured customers).

Please allocate your turnover data between the columns “Switzerland/Liechtenstein” and “Export” and between the categories a.) “Customers with cover limit set by Allianz Trade”, b.) “Self-check”, c.) “Production costs” and d.) “Advance payments”.

4            Turnover expectations

Turnover expectations for the new insurance year

Please let us know your estimate of insurable turnover for the new insurance period.

5            Value added tax

Value added tax is

not insured

All amounts

Value added taxes are usually not insured. Against this background, your turnover details under 3. “Customers” are usually to be given excluding VAT. You can see from your policy whether you have insured VAT.

6            Insured

I hereby confirm the completeness and accuracy of the information submitted and acknowledge that subsequent corrections are not permitted.

Please sign your declaration to confirm that the information you have provided is complete and accurate. The information you provide forms the basis for our premium invoices and affects the scope of your insurance cover.

Please return the signed form within 30 days of the end of each insurance year.