Beyond Indemnification: The Cadillac Story
by Joe Ketzner Beyond Protection Against a Catastrophic Bad Debt Loss, Trade Credit Insurance is a Service Have you ever been involved in an automobile
December 14, 2023
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Latest Articles
With your business receivables insured, you leverage your acounts receivable to borrow more money at a relatively low incremental cost.
The Mask For Businesses During COVID19
by Joe Ketzner The pandemic, the mask, and Trade Credit Insurance The world continues to debate the value and usefulness of a mask to stem
December 14, 2023
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Trade Credit Insurance Distribution Channels
by Joe Ketzner Finding the Right Trade Credit Insurance Partner begins with a Professional Intermediary Trade credit insurance, the process of getting started. Why, how
December 14, 2023
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Understanding A Restrictive Decision In Credit Insurance and How to Go Beyond The Good Accounts
by Joe Ketzner Credit Insurance – Understanding a Restrictive Decision and Beyond “only accept the good accounts” The general trade credit insurance market is represented
December 14, 2023
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Beyond Indemnification: The Cadillac Story
Have you ever been involved in an automobile accident? Likely the answer is “yes” and equally as likely the experience dealing with …
November 23, 2023
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Competitive Advantage: Tales From The Streets
Competitive threats come in many forms. Product innovation, quality, service, delivery, and payment methodology are a sampling …
November 23, 2023
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Frequently asked questions
A. No. Credit life or credit disability insurance is obtained by individuals to help pay debts in case of loss of income. Business credit insurance (also known as trade credit insurance, export credit insurance, or just credit insurance) is used to reduce the risk of non-payment in B2B transactions and is obtained by the company offering the goods or services, rather than the company receiving the goods or services.
A. There is no additional fee to use a broker. By law, you will pay the same rates for the coverage you choose whether you use a broker or work directly with the insurance company. However, a broker helps you evaluate quotes and implement your new policy. Brokers can also help with mandatory reporting requirements and may help you review future claims submissions.
A. The short answer is yes — because things can change. Business insolvency is predicted to increase due to global events. Evaluating the risk of non-payment requires considerable data collection and analysis. Your broker can help you figure out the right amount of coverage for your situation.
A. Trade credit can help you grow your business. When a business is able to purchase goods or services with trade credit, it frees up cash flow, making it a source of short-term financing. This practice allows the business to potentially expand its market or customer base without the negative impact of running out of cash, potentially putting them out of business. Many trade credit agreements incentivize paying early with a discount, so the business is able to decide whether to pay early at a cheaper price or to take longer to pay at full price — based on both money coming into the business and other expenses that need to be paid.
enquiry form
Contact CreditInsurance.com
Frequently Asked Questions
A. No. Credit life or credit disability insurance is obtained by individuals to help pay debts in case of loss of income. Business credit insurance (also known as trade credit insurance, export credit insurance, or just credit insurance) is used to reduce the risk of non-payment in B2B transactions and is obtained by the company offering the goods or services, rather than the company receiving the goods or services.
A. There is no additional fee to use a broker. By law, you will pay the same rates for the coverage you choose, whether you use a broker or work directly with the insurance company. However, a broker can be a valuable resource, helping you evaluate quotes, implement your new accounts receivable insurance policy, and navigate mandatory reporting requirements. They may also assist with future claim submissions.
A. The short answer is yes — because things can change. Business insolvency is predicted to increase due to global events. Evaluating the risk of non-payment requires considerable data collection and analysis. Your credit insurance broker can help you figure out the right amount of coverage for your situation.
A. Trade credit can help you grow your business. When a business is able to purchase goods or services with trade credit, it frees up cash flow, making it a source of short-term financing. This practice allows the business to potentially expand its market or customer base without the negative impact of running out of cash, potentially putting it out of business.
Many trade credit agreements incentivise paying early with a discount, so the business is able to decide whether to pay early at a cheaper price or to take longer to pay at full price based on both money coming into the business and other expenses that need to be paid.
However, it also comes with the inherent risk of non-payment. Accounts receivable insurance can mitigate this risk by protecting you from losses due to customer default.
