As today’s economic uncertainty and supply chain challenges persist, trade credit insurance can help companies be more resilient through providing specific cover for agreements and commerce with suppliers. Trade credit insurance can also provide cover for financial losses when customers are unable to pay for purchases. Benefits include:
Non-payment protection: As business failures and insolvency rise, the financial risks associated with non-payment become abundantly clear. Cover against losses and fallout from non-payment is a sensible precaution for all organisations.
Strengthened credit control: Trade credit insurance policies bring greater discipline to credit control.
Creating business with confidence: Trade credit insurance can also offer credit-worthiness insight around potential new partners, allowing focus on opportunities where the risk of future payment default is lowest.
Becoming more attractive: Businesses are able to review their balance sheet and current cash position. As a company de-risks itself, it subsequently becomes more attractive for financiers.
Our Trade Credit team provides a wide range of trade finance solutions that can help you manage your receivables risk. As a leading advisor on trade credit risk and insurance arrangements against potential loss caused by the non-payment of accounts receivables, we nurture strong relationships with major insurers to negotiate cost-effective coverage for your trade credit risk. Our specialist local and multinational service teams also deliver a consistent and compliant service across your trade credit program.
Speak to your local Marsh representative and make sure to visit stand E62 for more information.
