What are the Benefits of a Trade Credit Insurance Policy?
Today a large part of business is conducted on credit sales. Receivables constitute approximately 40% of a company’s balance sheet and a payment default might lead to financial stress for the seller. In such a scenario, a Trade Credit Insurance Policy has emerged as an effective tool to secure one’s business against risk of unpaid invoices.
Credit insurance in India is an insurance policy that provides coverage against the risk that a buyer does not pay for the goods that he has purchased.
- Trade Credit Insurance Policy – Coverage, Benefits and Exclusions
- Forget all your worries about Bad Debts
- Solution
- You can protect yourself from Risk of Bad Debts by purchasing a Trade Credit Insurance Policy
- What is a Trade Credit Insurance Policy?
- What does a Trade Credit Insurance Policy Cover?
- Protracted Default/Delayed Payment
- Insolvency
- Political Risks
- What are the Benefits of a Trade Credit Insurance Policy?
- Protection against Bad Debts:
- Potential for Increased Sales:
- Better Cash Flow:
- How does a Trade Credit Insurance Policy work?
- What is the Premium for a Trade Credit Insurance Policy?
- What is the Sum Insured for a Trade Credit Insurance Policy?
- What are the Exclusions under a Trade Credit Insurance Policy?
- What is the Claims Process under a Trade Credit Insurance Policy?
- Will my Premium be higher if I purchase a Trade Credit Insurance Policy through an Insurance Broker?
- Interested in purchasing a Trade Credit Insurance Policy and securing the risk of Bad Debts?