Trade Credit Insurance

Trade Credit Insurance

A look at many businesses today would reveal that a significant portion of their current assets on their balance sheets are in the form of receivables. That is, money owed for goods supplied on credit terms. Though Accounts Receivables represent the single biggest asset of many companies, it’s mostly at risk since they are commonly uninsured.

Every creditor faces the risk of non-payment or delayed payment due to customer insolvency, protracted default and political risks that prevent the buyer from fulfilling its payment obligations. You therefore need Trade Credit Insurance

What is Trade Credit Insurance?

What is Trade Credit Insurance? In simplest terms, Trade Credit insurance is bad debt insurance. It is a risk mitigation tool that protects against payment default risks. It protects businesses from non- payment of commercial debt.

It helps ensure that invoices will be paid and allows companies to reliably manage the commercial and political risks of trade that are beyond their control.

It ensures that capital is protected, cash flows are maintained, loan servicing and repayments are enhanced and earnings are secure.

WHY YOU NEED TRADE CREDIT INSURANCE

Companies invest in trade credit insurance for a variety of reasons, including:

Sales expansion and profitability – A company can safely sell more to existing customers or go after new customers that may have been perceived as too risky and hence improve profitability.
Expansion into new markets – Protection against unique export risks and market knowledge to make accurate growth decisions.
Better financing terms – Your financial partners will typically lend more capital against insured receivables and may also reduce the cost of funds.
Reduction in bad-debt reserves – Insuring receivables frees up capital for the company.
Credit control procedures – Enhances existing credit control procedures and helps the business manage customer payments more confidently.

HOW DO I START?

Do you wish to protect your outstanding invoices and get your money lost through bad debt replaced quickly? Let Assurein Insurance assist you in placing Trade Credit insurance!

Alternatively, you can fill the form below and our team will get back to you as soon as possible.

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