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Manufacturers, wholesalers, wholesalers/distributors and service
firms are excellent prospects for credit insurance. Retailers are not,
since they sell to consumers and business credit insurance is limited to
commercial accounts.
Business credit insurance works especially well for businesses that
have:
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Heavy sales volume spread over a few accounts.
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A skewed distribution of receivables (i.e., several large accounts
and many small accounts).
-
A disproportionate number of customers in a single line of business.
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A high percentage of customers in a single geographical area.
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Sales of custom-made products (companies have inventories reserved
for specific customers).
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Sales that require extended terms in order to maintain market share.
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A
need for some expert credit guidance.
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A need
for upgraded collateral for their lenders.
Contact
BCIB.US to see how it
may work for your business.
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