Trade Credit
What is it?
Your business incurs commercial credit risk every time it extends
credit to your customers. Whether you extend one day terms, standard
thirty day terms or offer extended payment terms, you lose control
of the receivable almost from the moment you create the invoice.
Trade Credit Insurance is a guarantee subject to the terms and conditions of the policy that you, the seller, will be paid for the merchandise shipped or services rendered to your customer in the event they can not pay due to insolvency. Past due or slow paying accounts (protracted default) can also be included in most programs.
What does it cover?
Credit Insurance covers the unpaid credit balances from sales made
to your insured customers located in the USA, Canada or over 120
countries world-wide. Political risk exposure, currency
inconvertibility and contract cancellation can also be covered.
What can it do for you?
Insured receivables will allow you to borrow more, usually at better
rates. The access to additional working capital can help you grow
into new markets or introduce additional product lines. You will
sleep at night, knowing that you will be paid for what you sell, and
that your bottom line is protected against the unexpected loss.
You will be able to sell more to existing customers or bring in
additional new customers sooner. Our access to information becomes
an additional credit information resource for you. Partner with us
to build your business safely.
Contact a Corporate Risk Solutions Specialist today info@underwritingpros.com .
