Credit insurance protects business-to-business accounts receivable against loss due to credit risks such as protracted default, insolvency or bankruptcy. Trade Credit insurance can also include a component of political risk insurance which is offered by many insurers to cover the risk of non-payment by foreign buyers due to currency issues, political unrest, expropriation etc. Aside from peace of mind knowing your revenue stream is protected, there are other benefits that can be realized by purchasing a Trade Credit policy:

  • Provides the flexibility to expand into new and unfamiliar markets more comfortably
  • Generate more sales by extending larger lines of credit to customers than you may normally offer
  • Ability to request larger lines of credit from your own commercial bank, giving your company more working capital to grow
  • The insurance company tracks each company and gives you the detailed knowledge you need when deciding to extend credit
  • Ability to collect on past due accounts worldwide

Durham & Bates works very closely with many of our clients to help protect their most valuable intangible asset – accounts receivable. Please contact one of our Trade Credit experts for a quote or more information. Contact Us:   Alex Hamilton , Sean McCarthy