Benefits of trade credit insurance
Energy sector
Enjoy peace of mind when negotiating with your clients. Increase your sales volume and scale your business while ensuring your receivables are well managed.
Expected positive impact
- Efficient and informed credit decisions;
- Safety net against the risk of non-payment;
- Head start on competition;
- Increased cash flow related to business operations;
- Continuous monitoring of your customers’ financial health;
- Improved financial results;
- Industry-specific coverage and guidance.
Case study
An innovative company that specializes in energy storage operates facilities in Quebec and New Brunswick. It designs and manufactures lithium-ion batteries and energy storage systems. With an annual turnover of $8 million, the company was looking to expand in Canada and the United States and grow its sales by 40% over the next 3 years.
As safety standards and environmental regulations are very strict and can vary considerably from province to province and state to state, sales and exports become more complex. Furthermore, exchange rate fluctuations can affect profitability.
By choosing coverage adapted to its needs, the company was able to:
- Strengthen its financial stability and financial risk management;
- Secure transactions in Canada and the United States;
- Build long-term customer loyalty;
- Increase liquidity;
- Offer flexible payment terms and maintain cash flow stability;
- Secure bank advances of up to 90% of invoiced amounts;
- Reduce bad debts by 85%.
**Figures are provided for reference only. Results may vary.
Trade credit insurance protects your business against late payment and bankruptcy. A trade credit policy is used to file a claim if an insured customer is unable to pay their invoices.
Get a quote in less than 2 minutes!
Trade credit insurance: key to your company’s growth
Trade credit insurance protects your business against late payment and bankruptcy. A trade credit policy is used to file a claim if an insured customer is unable to pay their invoices.
Get a quote in less than 2 minutes!
