Frequently Asked Questions

Click here to download the standard Application for Credit Insurance.

You can fill out this form directly on your computer, print and sign it, then fax it back to us at 281-240-3130. Alternatively, you can enter the information into our on-line form.

The application is comprehensive and we ask that you pay special attention to the following areas for the quickest response.

• Annual sales and accounts receivable write-offs for the past 3 years
• A list of key buyers, including names, addresses, phone numbers, credit limits and terms
• A summary of open account balance aging
• Accounts Receivable (A/R) summary for the 4 prior quarters

One Source Risk Management and Funding Inc. is one of the fastest growing Specialist Brokers in the industry. What differentiates us is our people. One Source has hired Senior Professionals from the insurance, banking and trade finance world. With our unique service structure, international alliances and communication points with the carriers, you are given access to the experts who can find you the most cost-effective and comprehensive solutions. With offices from Seattle to Maine, OneSource can afford you the highest level of personalized service. Besides working with our producers, you will be assigned a dedicated Client Account Specialist to handle your day-to-day needs.

If you are currently insured, whether directly or through another broker, One Source will provide a FREE no-obligation quote that will point out the strengths and weaknesses in your current program, in order to help you make the most informed decision for your business.

Companies buy credit insurance for many reasons. They range from catastrophic loss protection to enabling your company to sell more without increasing credit exposure. It is a very cost-effective tool that allows you to support the credit function's decisions while taking advantage of payment certainty to grow sales. It also gives you a competitive edge because you are able to provide product to customers to which your competitor may not due to payment risk.

You can also use credit insurance to enhance your loan facility.

Click here to learn more about credit insurance products available through One Source.

Credit insurance covers commercial risks such as insolvency and protracted default. Export credit insurance will usually add political risk coverage including: cancellation of import/export licenses, a foreign government’s intervention, transfer risk, embargo, a state of war or civil violence, and the non-payment of a valid trade obligation by a sovereign buyer.

Click here to learn more about credit insurance products available through One Source.

The premium for credit insurance typically is calculated as a small percentage of your annual insurable sales. The rate is based on the risk of your specific portfolio, your loss history, the spread of risk, and the amount of self-insurance you are willing to absorb. Costs may vary depending on the amount of your portfolio you cover. One Source can canvas all of the markets to guarantee you have the most cost-effective program possible.

Like most insurances, there will always be some form of risk sharing on your part. This could be in the form of a policy deductible, a per-loss deductible, co-insurance to enhance the program or a combination of these factors. These forms of risk retention are typically used to keep your cost in balance and to allow for more flexible coverage.

NO! Rates for credit insurance are regulated. Part of the filings make distributions cost a responsibility of the carrier. You bear no cost for our services and in fact benefit because of the competitive advantage we bring to the equation.

One Source brokers insurance policies for all the major carriers, including but not limited to ACE, Atradius, Chartis, Coface, Euler, Excess Placements, Ex-Im Bank, FCIA, HCC, QBE and Zurich. One Source will use any and all resources to find the absolute best match for your coverage needs, including the alternative risk markets.

Risk management is the practice of creating economic value in a firm by using financial instruments to manage exposure to risk, particularly credit risk, political risk and market risk. Risk management requires identifying its sources, measuring it, and plans to address them.

Accounts Receivable Factoring is the sale of your accounts receivable (invoices) at a discount off the face value in return for immediate cash. The funding source is known as the factor or trade finance company. The primary benefit is to provide immediate working capital and protect you from business (credit risk) losses. The factor may assume the responsibility for the customer's financial ability to pay and perform credit, collection and related bookkeeping functions.

Click here to learn more about Accounts Receivable Factoring.

Credit insurance is the ultimate protection against excessive bad debts. Simply put, credit insurance protects you from losses if one or more of your customers becomes insolvent or even past due. In export cases, it can also protect your company from loss due to political events.

When your customer can’t pay, credit insurance does!

Benefits to using Credit Insurance include but are not limited to:

• Catastrophic loss protection
• Safely increasing sales without increasing risk
• Penetrating new geographies and/or industries
• Increasing borrowing rates
• Protecting overseas loans and investments
• Insuring export sales
• Replacing letters of credit
• Insuring against political events
• Gaining access to experts in specific industries and countries

Click here to learn more about credit insurance products available through One Source.

Political Risk coverage is designed to pay you in the event a political situation has caused non-payment or insolvency. Often times foreign government actions can jeopardize your in-country assets and/or payment streams from foreign accounts. They can also impact the supply chain which could have a detrimental impact on your company.

In today’s volatile global marketplace, more and more companies along with their financial institutions are turning toward Political Risk protection. No matter how commercially sound your customer is, unforeseen events in the world can prevent you from receiving payment. Political Risk Insurance offsets the financial uncertainty in dealing with today’s ever increasing political issues. Coverage includes, but is not limited to:

• War and Political Violence (PV)
• Economic instability
• Confiscation, Expropriation and Nationalization (CEN)
• Non-Honoring (sovereign guarantees, letters of credit)
• Deprivation of Capital
• Embargo
• License Cancellations
• Non Transfer
• Currency Fluctuation
• Divestiture
• Contract Frustration
• Business Interruption

The list continues.