Some of the most important benefits that credit insurance provides are:
* Avoid catastrophic bad debt losses.
* Safely increase sales without increasing risk.
* Premiums are Tax Deductible (unlike bad debt reserves).
* Increase borrowing power:
o Include export sales.
o Eliminate concentration issues.
o Allow for dating and extended terms.
* Eliminate expenses and burdensome letters of credit.
* Support your existing credit function with third party, non-biased risk evaluations.
* Gain access to risk experts that monitor the specific countries and industries in which you trade.
Additional FAQ:
What is risk management?
What is factoring?
What are the benefits of using factoring in my business?
What is credit insurance?
How does credit insurance work?
What are the benefits of credit insurance?
What risks are covered?
What is political risk?
What does political risk insurance protect your business against?
What is export financing?