Trade Credit Insurance
Verify your clients’ creditworthiness, insure your invoices and protect your revenue.
1
Trade credit insurance pays you quickly when your insured customers are unable to pay their invoices.
2
In case of late payment or non-payment, file a claim by sending a copy of the invoice, the purchase order and the proof of delivery.
3
Receive an indemnity of up to 90% of insured losses within 30 days.
MAKE SOUND CREDIT DECISIONS
Access a reliable database to determine your customers’ creditworthiness.
The insurer providing the coverage often acts as a partner who helps you avoid financial loss. They also provide market intelligence and insight on the financial health of your clients.
Request insurance coverage on clients worldwide.
If you’re doing business internationally, your insurer joins you wherever you operate.
Financial security: Confidently respond to calls for tenders with the support of your insurer.
You won’t need to ask for references, credit reports, security deposits, loans or letters of credit.
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20 000
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60 000
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100 000
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400 000
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1 200 000
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2 00 000
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200 000
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600 000
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1 00 000
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100 000
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300 000
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500 000
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20 000
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60 000
-
100 000
-
400 000
-
1 200 000
-
2 00 000
-
200 000
-
600 000
-
1 00 000
-
100 000
-
300 000
-
500 000
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!
Trade credit insurance: key to your company’s growth
Benefits of trade credit insurance
Access New Markets
Credit insurance lets you confidently explore new markets. You’ll be able to increase sales with existing customers by increasing their credit limits. Offering advantageous credit terms gives you a competitive edge to acquire and retain new customers.
Avoid Bad Debts
The insurance provider’s risk analysts will assess the creditworthiness of your client before insuring an invoice or an account. This evaluation helps determine if they are likely to honour their payment commitments, reducing the risk of bad debts. If your client cannot pay their invoices, you can file a claim with the insurance provider.
Improve Credit Functions and Structure
A. The insolvency of one of your major clients could have a significant impact on your business operations. Having a trade credit insurance policy can help identify early signs of payment difficulties.
B. A company’s accounts receivable is often its largest and most at-risk asset. Trade credit insurance acts as a safety net against late payment and bankruptcy of your national and international clients.
Facilitate Bank Financing
A. Secure better bank financing and borrowing terms with a trade credit insurance policy.
B. When your accounts receivables are covered by a trade credit insurance program, both Canadian and export sales can be used as collateral. It’s a cost-effective way to increase your working capital, help your business grow and avoid cash flow problems.
Collection services
A. Credit insurance gives you access to efficient collection services.
B. You will be charged a collection fee only if amounts due are collected.
Monitoring your buyers
A. Credit insurance helps manage your company’s financial risks and contributes to its financial health. On the insurer’s side, a team of analysts will monitor the solvency of your buyers throughout the year.
B. You’ll be notified quickly if one of your buyers defaults on payment to another supplier.
You’re in good company!
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