Credit Insurance
Rolling the Dice
Actuarial studies show that the average company is 50 times more likely to have a serious Accounts Receivable loss than a fire.
When you are wrong on a credit decision, you pay for that mistake. Through risk transfer, if your insurance company is wrong, they will pay you!
Five Questions to determine your company’s need:
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What would happen if your largest customer couldn’t pay? – Protect your company against financially insolvent or slow-paying customers.
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Could you sell more if you could offer higher credit limits? – Safely expand sales while overcoming the conflict between sales force and credit departments.
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Would independent, third-party credit information and analysis improve the quality of your receivables and strengthen your balance sheet? – Gain access to not only comprehensive information on your clients’ financial strength, but also specific factors and reasons to aid in your decision-making process.
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Would you benefit from a maximum cap on your bad debt? – If smoother earnings, tax advantages, and a cap on possible losses in your A/R interest you, the cost/benefit of freeing up reserves should thrill you!
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Do you need this insurance for international trade or for a bank loan? – Our underwriters can work directly with your loan officers to ensure a positive presentation of your company’s credit insurance accounts receivables.
Benefits
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Avoid catastrophic bad-debt losses
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Reduce bad-debt reserves
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Safely expand sales to existing, new, or future buyers
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Ongoing monitoring provides early warning of potential credit risks
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Secure better credit terms from your lender with insured receivables as collateral
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Protect against credit risks in 160 countries worldwide
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Collection service for non-covered claims
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Internet access for easy changes or increases to your program
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Low minimum premium
