Trade Credit Insurance protects you against risks such as the insolvency of your customers, refusal or inability pay under the terms of a contract.
Not only does Trade Credit Insurance protect your capital, maintain your cash flow and secure your earnings, but it can also extend your competitive credit terms and help you access more attractive financing.
In the event of non-payment of commercial debt, Trade Credit Insurance covers your business-to-business accounts receivable. If you do not receive what you are owed due to a buyer’s bankruptcy, insolvency or other issue, or if payment is very late, a Trade Credit Insurance policy will reimburse you for a majority of the outstanding debt.
Regardless of the size of your business, Azure Risk’s Trade Credit Insurance can provide your business with:
Increased access to finance, as we can provide your bank with the reassurances they need when extending finance to you.
Competitive advantage in your market through identifying opportunities as well as risks.
A reduction in your bad debt provision and, in turn, a healthier balance sheet.
The confidence to seek out new markets, customers, and benefit from the growth this may bring to your business.
Trade Credit Insurance is not ‘one size fits all’. The level of risk associated with your industry, customers and location will be unique to your business, and coverage solutions are tailored to your needs.
Speak to Azure Risk and learn how credit insurance data can help your business to identify creditworthy customers, protect receivables and make trading easier for your business.
We deliver tailored advice to fit our clients' requirements and ensure they understand the options available to them. Contact us for a free personalized assessment of your policy needs.