Trade credit insurance can help:
- Boost your sales – take on new customers fearlessly and expand into new markets knowing you’re protected if your customer can’t or won’t pay.
- Improve your competitiveness – offer payment terms to customers instead of asking them to pay upfront or to provide letters of credit.
- Accelerate cash flow – when your receivables are insured, they are more attractive to lenders and you can borrow against them. If you’ve ever considered factoring, or selling your foreign receivables for cash, credit insurance may reduce your factoring costs by making the factored invoices more appealing to the financial institution.
- Improve credit management – working with a trade credit insurance company to perform credit insurance on your customers and prospective customers.