In the modern-day competitive business environment, organisations are expected to offer a wide range of services for their customers. One such service is to offer credit facility, wherein you offer goods and services on a credit basis, i.e. without any need to pay cash upfront. Herein, your debtors are supposed to settle their dues before the credit period elapses. Depending on the relationship with the buyer, the period for credit can range between 30-90 days, after raising the invoice. But there are situations when the debtor is unable to pay the amount due as per the agreed schedule. This necessitates for your business to subscribe to a Trade Credit Insurance policy.
Trade Credit Insurance is an extremely important insurance policy for all the companies that offer goods and services to their customers on a credit basis. It is a whole turnover policy and is offered to protect the business against non-payment of commercial trade debt. The non-payment could be a result of protracted default or insolvency. Sometimes the reason for the default can be political, which is also covered under this policy. Generally, the maximum insurance coverage offered under this policy is 85% of the debt owed by the buyers.
Over the years, we have helped a large number of clients across a wide range of domains with trade credit insurance requirements. Based on this experience and expertise, our consultants create customised Trade Credit Insurance plans to safeguard you against any possible instances of default by your customers. The scope of our services include the following: –
Some of the noteworthy benefits that you get to enjoy with our Trade Credit Insurance services are: –
At Zoom Insurance, we have extensive experience in designing customised trade insurance plans for our clients. Based on our experience and expertise in the industry, we help you avail the most comprehensive trade insurance coverage at very competitive prices. Some of the services that we offer for your clients include: