Why use Trade Credit Insurance?
There are a variety of reasons why you should consider trade credit insurance as an important business tool. Some of the key benefits are:
- Allows the use of credit as a marketing tool without adding risk to your balance sheet.
- Protects company assets from unexpected actions by foreign governments or unforeseen commercial events.
- Increases borrowing capacity and accelerates cash flow.
- Provides a low cost alternative to selling on letter of credit terms.
- Provides the ability to quantify maximum potential credit loss exposure.
- Insures one of your company’s largest and most important working assets: accounts receivable.