Throughout the lifetime of the policy, we inform you of any changes that might impact the financial health of your buyers and their ability to pay you for goods or services you have delivered. In the event that your buyer cannot or will not pay you, you will be insured and indemnified up to the limit of your policy. We can also manage collection of the debt for you if/should the need arise, domestically in GCC through third party debt collection agencies or internationally through our worldwide collection services.
WHY SHOULD YOU SUBSCRIBE TO B2B CREDIT INSURANCE?
Trade receivables are one of the main assets on a company’s balance sheet. With credit insurance, you can protect both your current and future cash flow as well as your profits, and free up resources to concentrate on more ‘value added’ activities including new business.
Fundamentally, credit insurance improves the quality of a company’s bottom line through:
- Comprehensive protection against the risk of insolvency
- Enhanced customer relationships
- Improved banking relationships and access to finance
- Greater confidence in pursuing commercial opportunities
It also provides excellent insight into customer’s company risk through ‘best in class’ credit information.
CREDIT INSURANCE EXAMPLE
If your company’s profit margin is 5% and one of your buyers defaults on a debt of $100,000, then you will have to produce additional sales to the value of $2,000,000 to make up for lost profits.
Non-payments weaken your company and lower its investment capacity. A credit insurance policy helps manage your account receivables and mitigate your losses in the event of non-payment.
We tailor our credit insurance solutions to your company’s size, sector and business needs. Discover more about our credit insurance solutions
for small-medium entreprises, large-sized business and multinationals.