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Credit Insurance

Credit insurance is the only product that can protect your receivables (invoices, accounts receivable) against:

  • payment defaults

  • Slow payments

  • Voluntary or involuntary bankruptcy of your customers (Chapter 11)

Benefits of Credit Insurance

  • Protect your accounts receivable:

    • You secure your most valuable asset, your accounts receivable, and you encourage your customers to be more rigorous and diligent in their payments. 

    • You secure your liquidity, which enables you to better anticipate your cash flow and facilitates the turnover of your accounting department (receivables and payables are more regular).

    • You protect yourself against potential political and/or economic risks abroad.

    • You greatly facilitate your risk management and limit non-payments.
       

  • Increase your line of credit:

    • Without credit insurance, financial institutions will tend to lend up to 75% of accounts receivable - domestic only.

    • With credit insurance, financial institutions can lend up to 90% of accounts receivable - domestic and export.
       

  • Increase your risk-taking to develop new markets: 
    With credit insurance, the amounts you can release from your line of credit and the fact that you can generate more products or services enable you to increase your profits at lower risk or test new markets (domestic or international) to develop your business.
     

  • Significantly reduce the impact of bad debts on your company's budget:
    Credit insurance covers up to 90% of unpaid receivables. 

Contact an Expert

For more information and to speak with one of our experts, contact us!

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