Business Credit Insurance
How do I get business credit insurance?
In the United States, business credit insurance is provided by a limited number of private sector insurance companies and the Export-Import Bank of the United States. There are also a handful of qualified business credit insurance brokers (several independent brokers previously worked for one or more of the three primary business credit insurance providers).
While the private sector business credit insurance providers have captive agents that that can sell you business credit insurance within the parameters of their company, a good business credit insurance broker can find the best fit for your business by soliciting competitive terms and pricing from the broad insurance market. The astute business credit insurance broker is also familiar with the insurers' current financial condition and underwriting trends.
When considering business credit insurance,
here are three important things to consider:
1) Be sure the person(s) you are dealing with knows what you want to
achieve with business credit insurance and knows how to structure a
policy to meet your goals.
2) Be sure you are dealing with the business
credit insurance provider (insurance company) that is right for your
business. While there are only a few insurance companies in the United
States that provide business credit insurance, there may be one or two
that are better suited to meet your business's needs and/or size.
Business credit insurance brokers
specialize in knowing the strengths and preferences of each provider and
will place your policy with the provider best suited for your needs. In
some instances, the broker will need to "shop" for the best coverage, structure,
and/or price.
3) Use an insurance broker that specializes in business credit insurance. A business credit insurance broker works for you (the insured). A business credit insurance agent works for an insurance company. A good broker will help you structure your business credit insurance policy and place it with the insurance company that best suits your needs.
We recommend Business Credit Insurance Brokers of the United States (bcib.us).
Business Credit Insurance / Plano, Texas 75074 / 214-991-1950 / Email: info@business-credit-insurance.com