The right insurance can help you trade safely and grow your sales without worrying that your invoices aren’t covered. Don’t fall into the trap of putting it off. Companies tend to turn to trade credit insurance when they have a credit problem or foresee exposure in the near future, but that’s often too late for carriers to take on the risk. If you’re considering taking on a new buyer or working with a client with less than optimum credit, Payar Insurance Solutions can help. We partner with multiple trade credit insurance carriers including the big 3 insurance carriers. It is essential you work with an experienced broker to structure your policy and help you decide which carrier will give you the most coverage for the right price!
All companies that have receivables on it's balance sheet have a potential exposure to loss due to the inability or failure of a customer to pay them. Our job is to help protect and educate our clients about how Trade Credit Insurance coverage works and how it will help protect their company from unforeseen Accounts Receivable losses.
Trade Credit Insurance will help your Company leverage enhanced borrowing capacity with lenders & banks. The banks will lend a higher percentage against your company's receivables versus uninsured receivables. Financial institutions recognize Trade Credit Insurance as a collateral security when providing financing for local or overseas sales.
When your business experiences the loss of a customer, the company loses current and future revenue, and there is an immediate negative effect on cash flow. It may be so severe, it could lead to your business failing. Get protected now! The proceeds of a credit insurance claim can put liquid funds back into your business to be used to grow the business as intended.
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