Credit insurance protects your borrowers’ accounts receivable against unexpected bad debt losses due to insolvency or slow payment. This multi-purpose tool is customized to your clients’ needs and can cover their entire receivables base or a logical segment. When your borrowers’ receivables are protected by trade credit insurance, you can lend more against their accounts receivable portfolio, without increasing the bank’s credit risk.
Companies with B2B credit sales over $1M are the best candidates for credit insurance. Manufacturers, wholesalers, distributors and service providers that are growing, exporting, in need of working capital or have concentration risks may be good prospects for credit insurance. Top industries include: