Trade Credit Insurance Policy - Coverage, Benefits and Exclusions
Forget all your worries about Bad Debts
If you’re a Business Owner, be it Manufacturing or a Trading Business, you may be aware of these problems:
- You might be facing issues with Unpaid Invoices
- Bad Debts might be constraining your Cash Flows
- Expansion in Newer Geographies or Sales to New Customers is difficult due to limited Credit History
Such issues restrict the ability of every Business Owner to grow their business. If you have faced any of the issues listed above, then you should immediately secure yourself with a Trade Credit Insurance in India.
Solution
You can protect yourself from Risk of Bad Debts by purchasing a Trade Credit Insurance Policy
In today’s uncertain economy, a major risk that most businesses face is that of Unpaid Invoices. Most of the business in today’s time is done on Credit Basis where the Seller extends Credit to the Buyer.
With major economies of the world slowing down, many Companies are facing Insolvency. If you are a supplier to such Companies, Non-Payment of Dues by such Companies may also lead to your Company facing huge losses and put your business at risk. Credit Risk, is thus, a huge risk for businesses in today’s times.
A Trade Credit Insurance Policy (aka Accounts Receivables Insurance or Bad Debts Insurance) is a prudent Risk Management Tool to protect your Company from the Risk of Non-Payment of Dues.