Provide credit to new customers without putting your business at risk.
What happens to your business if your customer can’t pay? Trade credit insurance can be very beneficial for many types of businesses, but may be especially valuable for businesses with international customers as well as businesses operating in the import/export industry.
Some of the benefits of trade credit insurance include:
Predictable Cash Flow
By insuring some or all of your trading partners’ payments, you are guaranteeing that you will receive that money, whether it’s from your customer or your insurance company. This predictable cash flow can allow you to better plan the growth of your business.
New Market Opportunities
Having the ability to buy insurance on new clients can open up access to riskier markets that you might otherwise hesitate to sell to. Bear in mind though that your insurance company will only tolerate a certain level of risk from the customer, but it can still make your own business’ expansion less risky.
Reduce Bad Debt Exposure
Knowing that your business won’t have to suffer from unpaid accounts means that you won’t have to set aside as much money in a rainy day fund. Your business can have a more positive cash flow and use that cash to expand into new markets.
Access to Increased Capital
Lenders value security, which means that they value insurance. Proving to lenders that you have trade credit insurance on your largest customers makes them more likely to invest in your business, since their money is protected.
Interested in an insurance proposal at no obligation or cost?
Need more business insurance coverages?
General Liability Insurance | Business Auto Insurance | Workers' Comp Insurance
Contractors Equipment Insurance | Cyber Liability Insurance | Employment Practices Liability Insurance
Product Liability Insurance | Professional Liability Insurance | Commercial Property Insurance
Credit Insurance | Crime, Riots, and Civil Disorder | Cyber Crime
Business Interruption Insurance | Directors and Officers Insurance | Commercial Umbrella Insurance
Surety Bonds | Pollution Liability Insurance
Coughlin Insurance Services, Inc.
178 Myrtle Boulevard, Floor 2, Larchmont, NY 10538
Toll Free : (800) 542-0661
Tel: (914) 834-1234 Tel: (212) 593-0200