Credit Insurance
Credit Insurance (Trade Credit Insurance) is designed to protect a business’s accounts receivables against losses due to a customer’s financial inability to pay.
Coverage includes:
- Bankruptcy
- Slow pay
- Political risk (may be available)
Benefits of securing Credit Insurance include:
- Protection against catastrophic bad debt
- Provides added security when extending credit to a new client
- Leverage in effectively securing financing when receivables are utilized for collateral
Whether you are looking to extend credit to a new, large client abroad or existing credit concentrated to a few large clients, trade credit insurance is an important tool in protecting the bottom line. 