Trade Credit Insurance

This insurance plan can benefit you in many ways:

Cash flow protection

• Protects assets and receivables, ensuring their safety
• Helps insured individuals hedge against unforeseen commercial and political uncertainties, promoting business stability

Expands sales to new buyers and markets

• Increases company revenue by leveraging the Trade Credit Insurance program
• Expands opportunity to utilise existing resources to enter new markets, facilitating business growth
• Safeguards account receivables, contributing to increased company toplines

Assessing credit worthiness of buyers

• By setting limits based on buyer financials, the policy enables policyholders to determine potential sales with each buyer
• Discretionary credit limit provision in the policy gives insured individuals leverage when working with small and mid-sized enterprises

Overall market awareness

• Instant default alerts inform insureds, enabling them to halt shipments and avoid onboarding defaulter buyers
• Swift risk awareness assists insureds in ceasing shipments and mitigating losses

Reduction in bad-debt reserves

• Policy inception safeguards account receivables, reducing the risk of unpaid invoices

Shift in recovery responsibility to insurers

• Policyholders delegate recovery responsibilities to the insurance company, eliminating their burden
• Expenses incurred by the insured in the recovery process are reimbursed according to IRDA regulations

Increases borrowing power

• Enhances insured's borrowing capacity by showcasing strong risk management abilities, instilling confidence in financing companies