Trade Credit Insurance
Every time you allow a customer to pay for goods or services on credit, there is a chance you won’t get paid. Trade Credit insurance (also known as accounts receivable insurance) provides protection against a financial loss due to your customer’s non-payment.
Industries that Benefit from Trade Credit Insurance
- Manufacturing
- Food production and supply chain
- Services
- Energy (electricity)
- Oil and gas
- Chemicals and pharmaceuticals
- Mining
- Industrial machinery
- Electronics and components
- Transportation and logistics
- Promotions, marketing and advertising
- Clothing and textiles
- And many more…
Benefits of Trade Credit Insurance
- Covers up to 90% of the loss incurred in the event of non-payment
- Increases potential sales to existing and new customers
- Allows you to pursue new customers and new markets you may have previously deemed too risky
- Increases the amount of cash available to borrow on your line of credit
- Frees up bad-debt reserves, thereby permitting your company to use more of its cash flows to build the business
- Utilizing your insurer’s credit specialists’ knowledge and experience as well as their access to more in-depth financial information on your buyers allows you to make better credit decisions than solely using your own in-house credit department
Our Relationship With You Isn’t Limited to a Policy Number
We will tailor your Trade Credit insurance policy specifically to your company’s needs. We are here to answer any of your questions, help process claims and provide any additional coverage. We make insurance easy to understand so you can rest assured knowing your balance sheet is protected.
Contact BrokerLink for Credit Insurance
Credit insurance is essential for the smooth operation of many businesses. You can't have stutter-steps in the midst of extending your customers' credit limits or expanding into new markets for a higher volume of sales. That's why BrokerLink finds you coverage that protects your business in the event of a customer's insolvency or non-payment of monies owed to you.
Protect yourself and your investment with the help of one of our brokers. They can be your guide and compare all your insurance options, let you know how much it will cost, and get you the best coverage possible.
613-299-3354 [email protected]
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