TRADE CREDIT INSURANCE
Domestic A/R Insurance & Export Credit Insurance
Trade credit insurance, also known as account receivable insurance, provides protection for the balance of money that is owed to your company for goods delivered or services rendered but not yet paid for by your clients. One of the leading reasons for cash flow problems in companies is late payments from clients.
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Even creditworthy buyers may be unable to make payments due to factors beyond their control. Many businesses are unaware of the amount of cash that is tied up in their receivables, which they can potentially access. Trade credit insurance can help safeguard your balance sheet, increase your liquidity, and give you a competitive edge. What would happen if your clients don't pay?
Trade Credit Insurance, also known as Account Receivable Insurance, is a protection against non-payment risk of a buyer for an undisputed amount that is due to your company for products sold or services rendered. The policy can cover up to 90% of financial loss sustained during the policy period.
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What is Trade Credit Insurance?
KEY FEATURES OF ACCOUNT RECEIVABLE INSURANCE
RISKS COVERED
Buyer Insolvency (Payment Default)
Buyer Bankruptcy
Repudiation (Refusal to accept Goods)
Export Restrictions
Import RestrictionsÂ
Currency Conversion & TransferÂ
War & Related Disturbances
BENEFITS
Protect your balance sheet and profit
Offer flexible and competitive payment terms
Access more working capital
Proceeds can be assigned to your Bank
Improve your company's risk profile
Easier access to new markets
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RISKS NOT COVERED
Dispute
Corruption
MisrepresentationÂ
Intercompany sales
Damage to goods in transit
Goods shipped outside the policy periodÂ
Services rendered outside the policy period
OTHER POLICY TYPES
Work In Progress
Holdback / Retainage
Advance Payment
Contract Frustration
Receivable Put Options
WHO ARE THE USERS?
Businesses with A/R
Banks and creditors
Factoring Companies
Private Investors
HOW CAN WE HELP?
Our value proposition is focused on providing specialty insurance solutions that protect our clients' businesses against potential risks and financial loss. Our combined expertise in international trade and corporate lending sets us apart, and we are committed to helping your business expand and be successful in new markets.