Trade Credit Insurance ensures that your company is not adversely affected by the unforeseen failure of one or more of your customers; it is also a tool to help you manage your risks.
FEATURES OF TRADE CREDIT INSURANCE
Trade Credit Insurance can help companies:
- Protect their account receivables.
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Expand sales to existing customers without increased risk.
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Offer more competitive credit terms to new customers in new markets.
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Help protects against potential restatement of earnings.
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Optimize bank financing by insuring trade receivables.
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Supplement credit risk management.
INSURANCE COVERAGE
The two main categories of insurance available are:
- Turnover Insurance: covers the entire turnover with individual limits for top buyers and a discretionary limit for the smaller buyers.
- Top buyers Insurance: This policy provides coverage to the top large buyers of clients.
Trade Credit Insurance protects open accounts sales-export and domestic – against non-payment from the buyer resulting due to:
- Insolvency of the buyer: buyer legally declared insolvent or bankrupt
- Protected default: Buyer fails to pay but is not declared insolvent
- Political risk: Currency inconvertibility
For more details of the product, you can write to us on team@debtorswatch.com. we are always there to guide you at every step. our team will shortly get in touch with you, to provide you the appropriate solution for your query.