Benefits of trade credit insurance
Transport 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
A trucking company based in Quebec with offices in the United States extends substantial amounts of credit to its customers. With an annual turnover of $60 million and most of its activities in Canada, the company is now seeking to do business with new and reliable customers in the United States and Mexico while offering flexible credit terms.
The company’s cash flow fluctuates widely as revenues are dependent on customers’ financial stability in a highly competitive sector where any disruption can have an impact on service delivery and customer satisfaction. It could also face exchange rate fluctuations, political instability, and changing regulatory environments.
By choosing personalized trade credit insurance solutions, this company can now:
- Significantly reduce bad debts;
- Confidently take on new customers in Mexico;
- Build long-term customer loyalty;
- Increase liquidity;
- Offer flexible payment terms and maintain cash flow stability;
- Offer more competitive and flexible payment terms;
- 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!
