What is Accounts Receivable Insurance?
Accounts Receivable Insurance is an insurance policy that protects your Accounts Receivable. "Your Sale". It is a unique policy designed to ease the traditional problems of selling on open terms. A financial tool that hedges against risk!
WHAT GOOD IS A SALE IF YOU DON'T GET PAID?
How does Accounts Receivable Insurance Work?
You insure your customers. There are multiple types of policies and coverage that can be customized to your needs. You can insure a single buyer, key accounts, domestic and international buyers or exports only, etc. Commercial Credit insurance enables you to safeguard your accounts receivable from the risk. It protects you against non-payment, insolvency and political risk so you can grow your business securely. It is a flexible risk management tool that can be custom-designed to cover one, some or all of your customer accounts.
What are the Benefits of Accounts Receivable Insurance?
Commercial credit insurance can protect one of your most important assets -your accounts receivable. This protection further allows you to:
- Grow your business into new markets or countries.
- Flexible credit terms while expanding your sales with confidence.
- Minimize catastrophic loss; in general most businesses have a single customer that makes up a substantial portion of their sales which can be disastrous in the event of default.
- Peace of Mind in knowing that customer defaults will be covered for not only for the cost, but the actual sale.
- Enhanced financing options, access to greater working Capital, increased borrowing base and/or more favorable negotiating terms.
- Minimize your reserve for bad debt.
- Invaluable customer knowledge is a powerful tool especially if your customer is in a foreign country where access to business operation is limited.
How do we find the right provider?
Just as there are multiple types of policies(i.e. single buyer, top customers, export only, etc...), there are also multiple carriers. Each carrier has their own forte and is constantly evolving. We represent all major carriers and will guide you through the entire policy process. Noble specializes in finding the right credit insurance carrier to afford the greatest protection to your accounts receivables, at the lowest cost. Whether you are doing business domestically or internationally trust us to find the right provider for you! YOU'RE IN NOBLE HANDS!
We represent two sectors in the Commercial Credit Industry, private and government. They both offer protection from non-payment, insolvency and political risk.
Private insurance companies provide an array of options and will insure both domestic and international customers. In general, most private carriers will share the risk, typically 90% indemnity.
Noble Risk Management works for you! We will find the right provider with the most comprehensive policy at the most competitive rate.
