Trade Credit Insurance - benefits and how it works
How does trade credit insurance work?Trade credit insurance works by insuring you from your buyer on payment failure, which means that every invoice from that customer is covered for the insurance year. Trade credit insurance is used by businesses of all sizes to protect both domestic and international trade. Businesses also use credit insurance to help keep them financially secured and to confidently explore new markets as well as to attract new customers with suitable credit terms. There is no ‚Äòone size fits all' approach to trade credit insurance, as with all types of insurance. The extent and value of your credit insurance will be stipulated by your needs.
What are the benefits of trade credit insurance?
- Preserving your profit
- Protecting your assets and cash flow - Does your business have enough money to pay for a bad debt?
- It covers your trade with your clients or customers so even if customers underpay or fail to pay you, you will still get paid
- Expansion confidence
- Strong credit management
- Added security
Why ARMA Insurance Brokers?AMRA are comprised of licensed and professional brokers who can actively service and manage trade credit programmes for you through an in-depth understanding of the policy. AMRA negotiate the most appropriate premium and cover in the industry to meet your individual needs. For more information and a quote contact Amanda Morris.
All information above has been provided by the author.
Amanda Morris, Arma Insurance Brokers Hunter Valley, AFSL : 233750 , AR Number: 321761, CAR Number: 321762