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Commercial Credit InsuranceWhen you are selling to very large companies it is, in a sense, a double-edged sword; those sales can provide you a significant amount of new business, but there is no longer any assurance that you will be paid. Within the past several years many large well known companies across various industries have filed for bankruptcy protection and, unfortunately, have taken a number of their suppliers down with them.
Most banks no longer consider your accounts receivable from large companies as risk free collateral. Their focus is now on how much of your equity is exposed in the event of non-payment of a large account receivable. Commercial credit insurance is fast becoming an important tool to allow you to maximize the borrowing capacity against your accounts receivable, while protecting your company in the event of insolvency by one or more large clients. Contact TAG for more information on how this important tool can be a cost effective way to provide you with a secondary source of payment in the event of unforeseen circumstances. |
MINNEAPOLIS Leslie A. Bergland Curtis L. Hanson
CHICAGO Ursula M. Wegrzynowicz
Phone Toll Free |
