What is Credit Insurance
Trade Credit Insurance also known as Accounts Receivable Insurance covers your business from the risk of non-payment resulting from a bankruptcy, slow pay, or financial difficulty of a buyer causing them to default and not pay you.
A company’s accounts receivable is one of its most valuable assets but they are vulnerable to the actions of non-related or less than reputable parties.
This could result from
Top 10 Reasons to Have Credit Insurance
Protection
Ultimately, insurance is there to quickly replace money lost through unpaid receivables
Peace of Mind
Feel safe in the knowledge that your outstanding invoices are protected
Funding
We help in securing trade finance which improves banking relationships and access to finance
Profitability
Improve profitability by safely increasing your exposure to more customers
Growth
It facilitates expansion with security and allows you to deal confidently with new clients and increase credit lines to existing ones
Confidence
It provides you with confidence to enter new markets, including overseas
Cash Flow
It complements and enhances existing credit control procedures to improve Days Sales Outstanding’s commonly referred to as DSO
Information
You gain instantaneous access to greater customer intelligence that leads to balanced risk decisions
Competitiveness
It helps you remain competitive by enabling you to offer open credit when your competitors can’t…knowing you’re covered
Speed
It helps you make the right decisions more quickly, improving efficiency and ultimately profitability
Let us show you the benefits. Click to get a free quote: