Look for a broker who goes above and beyond – Look for Edge!
When a company sells goods or services on credit to a buyer, it automatically places itself at huge risk. If a buyer become insolvent and is unable to pay for the goods or services rendered, the effects can be detrimental to the seller’s balance sheet, bottom line and ultimately their future success.
By transferring risk away from the business and over to an insurer, credit insurance protects suppliers (manufacturers, trading companies & providers of services) against the risks of non-payment of their account receivables with local and foreign buyers (customers).
Even if businesses were exclusively dependent upon bank loans and their own capital, it is doubtful that enough financial capacity could be marshalled to cover the value of goods and services handled by means of commercial credit.
Domestic and export trade receivables are very often the largest asset of a company. So, why do companies protect their fixed assets against risks of fire, theft, earthquake, etc. but not its trade receivables? As a seller, you cannot avoid selling on credit, and losing market share and therefore, businesses are required to always assume the risk of default and protect their debts from turning “bad”.
We work hard to deliver outstanding service, quality products and customized solutions. Contact us today for free quotes, from a panel of insurance providers, and to find out more about how to buy the right Trade Credit Insurance.
Quickly find out if we’ve already addressed your query.
Your business insurance needs will depend on several factors and understanding it all can be complex and time consuming. One thing you can’t afford is to put your business at risk by choosing the wrong type of insurance. A professional Insurance Broker like Edge has the knowledge and expertise to identify what the most appropriate cover is for your needs and will take the time to explore and explain your options to you.
Not only do we ease the stress and deliver peace of mind, but we find you the most appropriate cover at the right price. We provide guidance when you need it and we accurately present your risk, understand your needs, as well as study the market, the covers available, the differences between the insurance providers, and what the implications of those differences are for you. We also deal with your claims on your behalf.
Trade credit insurance insures suppliers against the risk of non-payment of goods or services by their buyers. This may be a buyer situated in the same country as the supplier (domestic risk) or a buyer situated in another country (export risk).
In the current economic environment, peace of mind is a good reason for credit insurance!
You might be also interested in…
Look for a broker who goes above and beyond – Look for Edge!
Edge Insurance Brokers is an independent insurance brokerage created to be one with a difference that will afford clients with added value in return for their confidence and long-term allegiance. Our expertise in every facet of risk and across different industries help our clients foresee, quantify, and better comprehend the range of risks they may face.
Head Office
Office no. 704, 7th Floor, Al Naeem Tower II, Al Jezaa St., Al Nakheel, Ras Al Khaimah
Sun to Thurs (8am-5pm)
+971 7 244 4458
info@edgeinsbrokers.com
