What is Trade Credit Insurance?

Trade Credit Insurance is a tool that allows you to extend unsecured payment terms to your clients, and shift the commercial and, if applicable, the political risks of non-payment to a third party insurance company.  It protects companies from the harmful effects of a buyer’s insolvency, slow payment or political events that prevent payment.  Trade Acceptance Group specializes in developing solutions tailored to our clients’ specific credit exposures.  With trade credit insurance in place, you can extend more credit to creditworthy customers while reducing the risk of nonpayment, thereby promoting safe sales expansion.  Additionally, favorable bank financing can be more easily obtained when a policy is assigned to a financial institution and your accounts receivable are enhanced by credit insurance.  Policies can be structured on a single or multiple-buyer basis, covering domestic sales, foreign sales, or a combination of both.