Call: 866-550-5445
Insurance against unpaid invoices
Call: 866-550-5445
Insurance against unpaid invoices
Credit insurance protects your business from the risks of non-payment of invoices. This means your invoices are covered. So if your customer can’t pay you, you’ll still get up to ninety percent of your money.
The best credit insurers get to know you and your business. They work in partnership with you, supporting you with up-to-date intelligence on markets and sectors. You can use this information to help explore new markets with confidence and offer competitive credit to customers. It also gives you a layer of security that banks tend to like when approached for finance.
We’re one of the world’s leading providers of credit insurance. Let us introduce ourselves, and learn more about Atradius, at www.atradius.ca
"Without credit insurance a small company like ours could not afford to take the risk of selling to many markets that require payment terms, especially to unknown buyers and new markets.”
You can use credit insurance as a tax-deductible business service. It can be a requirement of your management board and you might find it a great support when seeking finance from banks. Credit insurance is suitable for most businesses, from SMEs to large multinationals. It can be used for both domestic and export trade.
Little to do
Your insurer will work with you and research your buyer
Get a credit limit for your buyer from your insurer.
Lots of work
Do your research or pay for an agency
Employ a credit agency to check your buyer Choose to either:
Slide 1 of 4
Focus on your work
One less thing to worry about
Just do what you do best.
Deliver your goods or services, send your invoice and get on with you business.
Cross your fingers.
Trust your luck and hope your customer pays.
Depending on what you did in Stage 1 you can:
Slide 2 of 4
No Problem
Your insurer will work with you to sort it out.
Customer can't pay? Let your insurer know and they'll settle up; either through debt recovery or a pay-out.
This could hurt
Any way you look at it, it's a loss.
Unpaid invoices? Depending on what you did in Stage 1 this means:
Slide 3 of 4
You'll get paid
Claim back almost all outstanding debt.
There's nothing else to see here. Your business operates as usual. Return to Stage 2 and continue as before.
No money and lots of work.
Find a good lawyer. You'll need one.
If you're still solvent, return to Stage 1 and start the process over. Bear in mind factoring and Letters of Credit terms maybe different as a result of the debt.
Slide 4 of 4
Pricing is based on a small percentage of your annual sales depending on a number of factors.
The greater the amount that needs to be insured, the higher the premium will be.
Some sectors experience greater market volatility. Risk will be reflected in the premium, with sectors closely monitored for change.
The amount of time you allow your customer before they have to pay you is factored into the premium.
Whether through infrastructure, politics or conflict, some countries pose less trading risk than others. Your premium allows for this.
Examples are for illustration only. Individual risk factors are identified, assessed and monitored for each policy.
If you have any questions or need advice regarding credit insurance for your business we can help. Our multinational team of 3,700 people provides our clients with access to information on over 240 million companies worldwide.
We are where you are. We’re present in more than 50 countries and work from more than 160 offices in every continent.
Talk to us. Our expert advisors will help you get the necessary cover, appropriate for your needs.
Phone: +1 866-736-5915
Hours Open: 8:30 AM– 5:00 PM Monday to Friday
Instead of blindly going into a relationship with a new customer, we can leverage the information Atradius has in its database to approve credit on potential new customers before the first order ever ships. This gives us a level of security that we wouldn’t otherwise have
Trade with confidence and explore new markets, protected from risks.
Access free market intelligence to help you identify business opportunites
Expert debt collection is included as a part of your credit insurance policy