Underwriting business activity, particularly for accounts receivables, is a job fit for credit insurance brokers, or risk management specialists who have experience identifying, assessing, and controlling risks associated with taking on customers in export and trading. While the account itself is highly valuable, hiring someone who’s proactive regarding bad debt loss and/or political risks is one of the best decisions managers can make.
Business Credit Insurance: Indemnity
Accounts receivable or credit insurance brokers deal in more than policies. Trade protection is important for peace of mind. This type of insurance is important for businesses large and small. Credit exposure allows a firm to bring alternative financing offerings to clients but also opens up the floodgates for losses stemming from currency transfer, default, insolvency, and in more unique cases, trade embargos.
Trade Credit Plan Benefits
International players know all about the benefits of trade credit insurance, but many smaller businesses are unaware that such an option even exists. The particulars of each plan differ for everyone, however, the benefits among policy dynamics tend to remain the same:
• Sales expansion
• Ability to safely borrow against accounts receivable
• Opens up the way for new sales opportunities
• Protection against devastating losses
Receivables are at the heart of how a business functions. Protection for the at-risk account is how to best survive. Invest in a credit trade program through Trade Risk Group at traderiskgroup.com, a trusted credit broker and underwriter.
