In the face of today’s uncertain global economic climate, managing future risks has become a priority for our business leaders. Losses attributed to non-payment of a trade debt or bankruptcy can and do occur regularly. Default rates vary by industry and country from year-to-year, and no industry or company is immune from trade credit risk.
What is Credit Insurance?
Credit insurance protects your business from non-payment of commercial debt. It insures 90% of the invoice amount. Companies that sell goods or services on open credit terms are always at risk of non-payment due to costumer insolvency, protracted default or political risks that prevent the buyer from fulfilling its payment obligations.
Credit Insurance is a financial tool to hedge against all these risks that are beyond a company’s control.
Who can buy CI?
– A small or large corporation selling goods or services to another business
– Any business that sells to another business domestic or international
– A business that sells goods or services on open credit terms of 30, 60 or 90 days.
– Any business that has high concentration of buyers
– If your customers are falling behind paying your invoices Insurance
Main reasons to get Credit Insurance:
– It protects against customers non-payment or bankruptcy
– Protects against heavy concentration of customers
– Obtain better financing terms
– Get access to the largest credit database in the world and monitor customers credit in real time.
We are a licensed Credit Insurance Broker. We offer credit insurance policies from all private carriers like Euler Hermes owned by Allianz, CoFace, Atradius, Zurich, AIG and from government owned insurance companies like Exim Bank. By insuring your account receivables banks and non-bank lenders are more inclined to issue a loan as it mitigates some of the risk considering that AR represents about 40% of most companies’ assets.
Contact us TODAY and we will provide you with a FREE QUOTE from all our insurance carriers so you can compare prices.