Trade Credit Insurance (TCI) has always been a tool for maintaining certainty in your business no matter what you’re doing, be that moving into new markets, changes in governments or operating in foreign markets.
Never has there been a time where things have been more uncertain on so many levels then right now. Whether it be tariffs, whether it be new markets, whether it be civil unrest in countries you’ve been shipping to, trade credit insurance is an important tool to allow companies to manage through some of these changes.
“One of the most important messages we’re giving to our clients is that having a credit insurance program, and a properly structured credit program, is going to provide a level of certainty that is much needed as the landscape changes on a daily basis,” said Kent Paisley, of the Crisis Management Division, Accounts Receivable Insurance at Allied World.
Credit insurance can provide that level of certainty to a company’s balance sheet, cash flow and so on, and it provides the ability to trade this environment.
“As a sailor, I look at things where the storm is kicked up right now, and having all your proper safety equipment on board is really important, and having credit insurance is effectively your life jacket through this storm we’re going through right now,” said Paisley.
