Business Credit Insurance
What would it do to your business if your largest customer filed for Chapter 11 TODAY? It could happen!
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Are you concerned about the ability of your clients to pay for what they've purchased from you?
Would the nonpayment of one of your larger customers have an adverse impact on your business?
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Do a small number of customers represent a large percentage of your accounts receivables?
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Would expanding your borrowing base improve your cash flow?
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Is your credit department unable to obtain the financial information on a customer to support the requested credit limit?
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Could you increase sales to new and existing clients by increasing the amount of credit you offer to them - or the terms of sale?
If you answered "yes" to any of those questions, you might benefit from business credit insurance (BCI).
While business credit insurance is a form of insurance, it can be a profit tool as well.
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With the proper use of a well structured business credit insurance policy, you will be able to safely increase your sales to existing customers and unknowns.
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If you need improved cash flow, your accounts receivable (insured by business credit insurance) can be excellent collateral for a lender.
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You will be able to benefit from the credit expertise provided by the business credit insurance underwriters.
Practically any business selling goods or services to other businesses can take advantage of business credit insurance. You can protect domestic and/or international accounts. Gain the ability to obtain working capital advances on protected accounts receivable.
Business credit insurance should not be confused with consumer credit insurance. Business credit insurance is a type of insurance bought by businesses selling to other businesses on open credit. It protects these businesses against their customers' inability to pay for goods and/or services that have been delivered on credit terms. Consumer credit insurance (often called credit-life or credit-health) is a type of insurance bought by consumers to insure their ability to repay a loan (or other indebtedness) in the case of illness or death (usually).
"Business credit insurance" is sometimes called or has been called many things i.e. "trade credit insurance", "bad-debt insurance", "accounts receivable insurance", "commercial credit insurance", "debtors insurance", "credit insurance", and other country and/or industry specific names. But it should never be confused with any type of consumer credit insurance (they are very different).
Contact BCIB.US to see how it may work for your business.
Business Credit Insurance / Plano, Texas 75074 / 214-991-1950 / Email: info@business-credit-insurance.com