Benefits of trade credit insurance
Service 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 engineering firm in the mining sector generates a turnover of $65 million annually and extends substantial amounts of credit to its customers. The firm is conducting most of its business in North America and is aiming to secure new projects in Africa and South America while offering potential customers extended credit terms.
Since its revenues are derived from large-scale and long-term projects, cash flow can fluctuate widely. Furthermore, it is common to encounter financial instability, market volatility, and payment defaults in this sector. The firm could also face political instability, changing regulatory environments, and exchange rate fluctuations.
Through customized trade credit insurance solutions, the company can now :
- Seize growth opportunities;
- Reduce bad debts by 90%;
- Build long-term customer loyalty;
- Increase liquidity;
- Sign and finance major international projects with confidence;
- Offer flexible payment terms and maintain cash flow stability;
- Achieve financial stability in a competitive and volatile market.
**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!