Credit Risk insurance is a critical risk-mitigation component in protecting against bad debt or slow pay losses. It is designed to protect the money due for goods and services already supplied to a customer. In the event that a customer can’t pay, as a result of insolvency, political risk,exchange rate fluctuations and a host of other factors, the credit insurer will pay. The insurer will then pursue the customer for payment.
Credit Risk insurance serves as a safety net, protecting your business from defaulting customers and bad debt, which would otherwise arise when a customer is unable to pay. This helps clients like you increase revenue, enhance borrowing capacity and generate new sales by improving cash flow and minimizing bad debt losses. What’s more, with Credit Risk insurance secured, financial institutions will be more positive about funding requests, with insured companies often being able to negotiate better finance terms.
All Your Business Insurance Needs Are Covered with Roanoke Trade
Roanoke Trade knows the transportation and logistics industry. That’s what we do. We have the expertise, experience and products to protect your operation, employees and financial assets along with the goods in your care and custody for the clients you serve. Find out how we can provide you with the insurance programs you need to be properly protected. Please contact us at 1-800-ROANOKE or complete the Contact form located above.