Whether you sell within your town or around the world, credit insurance helps ensure that you will be paid for merchandise or services delivered to your customers. A trade credit insurance policy is a guarantee that you will be paid, subject to the terms and conditions of the policy, for the merchandise shipped or services rendered to your customer. By assuring payment, credit insurance can strengthen your company’s balance sheet and enhance your borrowing power, helping you grow your business and offering you piece of mind. The David Agency has strong ties with all of the top rated trade credit insurance carriers in the country. With this insurance in place, you can feel safe that your accounts receivable sold on open credit terms will be paid within the terms and conditions of the policy.
TRADE CREDIT INSURANCE PROTECTS AGAINST:
Unforeseen credit loss(es) in accounts receivable
Insolvency (Chapter 7 or 11 or international equivalent)
Protracted Default (slow pay delinquency)
Political Risks (Government Moratorium, Contract Frustration, Discharge of Debt, War, Transfer, Public Buyer Default)