For businesses that sell goods or provide services on credit, the risk that the customer may default is a significant problem. In our fast-moving business world, credit risks give rise to considerable uncertainty.
Businesses that have solid trade credit insurance are not only protected if the customer fails to pay; transferring the credit risk can also give your company access to financing at preferential rates and enhance corporate governance.
Efficient trade credit insurance helps businesses to reduce the amount of money they need to set aside for bad debt and benefits business growth considerably. Trade credit insurance can also increase sales by allowing the company to offer advantageous payment terms or even expand into new markets.