Find out why you need Trade Credit Insurance and how it can benefit your business
- Do you want to do business with more customers?
Trade Credit Insurance enables companies to extend credit to customers while reducing the risk of non-payment, facilitating secured sales expansion (e.g. expanding to new geographic areas) and reducing dependence on Letters of Credit. In instances where Letters of Credit are issued from non-investment grade countries, Trade Credit Insurers may also be able to provide you with cover on the banks issuing the Letters of Credit.
- Is access to liquidity critical to your business?
Trade Credit Insurance may be accepted as collateral to improve lending facilities with financial institutions. This may deliver additional funding capabilities — potentially at a more cost-effective rate — to support a company’s growth.
- Are your company’s critical assets insured?
As accounts receivables may constitute upwards of 40% of assets on the balance sheet, many public firms in particular use Trade Credit Insurance as a strategic solution to enable profitable growth and an assurance to shareholders that their large key assets on the balance sheet are protected.
- Is your business resilient against unforeseen events that will impact your business’ cash flow?
Trade Credit Insurance can protect your business by mitigating losses from buyer defaults due to unforeseen events, such as those caused by insolvency, non-payment or political risks.
Contact us to receive free credit limit indications on five clients of your choice. Watch the video at the end of the page for more details.
Why Marsh?
With a global network of 850 dedicated and award-winning trade credit specialists spanning 55 countries, Marsh’s Specialty Trade Credit Practice experts understand the culture, language, regulations, industry practices, and economic landscape across geographies to help your company manage receivables risk with cost-effective insurance solutions. Additionally, our multinational service team provides claims management and advocacy services in compliance with local insurance laws.