Trade Credit Insurance
Credit insurance helps protect one of your largest corporate assets – your accounts receivable.
Have you ever written off a balance or had to chase a customer or put a customer into collections and maybe never got paid? These risks can be avoided and transferred to a credit insurer for a relatively small premium.
Credit insurance is one part protection, one part risk management, and one part business expansion. Here’s why:
- Protection: A customer defaults on payment – you get paid from your insurer. A customer is late or delayed in payment; your insurer can help collect that balance.
- Risk Management: Credit insurers maintain huge databases (like on 50 million companies worldwide) and track the credit worthiness of your customers and provide that information to you. They also provide past due collection services, and credit management tools.
- Business Expansion: Imagine what you can do when your receivables are insured. You can offer your customers higher credit limits than in the past. You could sell more to bigger companies, and continue to expand and grow. On top of that you become a better credit risk to your bankers who should be willing to offer you better terms and conditions on your credit lines!
You can mitigate the risk of non-payment, and secure your receivables; while expanding your business with credit insurance at a relatively low cost.
The Coyle Group understands how difficult business can be sometimes and we’re here to help you mitigate risk, grow your business and face the future confidently and securely. Trust us to help you find the right coverage at affordable prices. Fill out the above request for more information.
Our Social Network