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Export Credit InsuranceTo effectively compete in today's global marketplace you must be willing to offer open account terms to foreign based buyers or risk losing the business. Insuring your export receivables allows you to be competitive without placing your balance sheet at risk. The good news is the market for export credit insurance has been growing geometrically so there are many more insurers and policy options available. Because the market is much more developed, it is more competitive. That translates to improved coverage and lower premium rates for you.
Having a policy in place not only protects you from unforeseen commercial or political events, it also allows you to monetize your foreign accounts receivable. The policy proceeds are assignable to your lender allowing you to borrow against the insured receivables or sell them on a non-recourse basis. (Please see our Post-Export Short-Term Trade Finance page.) Contact TAG, on a no-cost, no-commitment basis, and learn more about why export credit insurance is the most cost effective way to expand your export sales while protecting your balance sheet and increasing your available credit. |
MINNEAPOLIS Leslie A. Bergland Curtis L. Hanson
CHICAGO Ursula M. Wegrzynowicz Jacqueline M. Grahn |
