Each time you grant credit to your customers, your company is exposed to the risk of non-payment. There is a greater chance that a business will experience a loss within its accounts receivable than any other asset. With an average of 40 percent of a company’s assets in the form of trade debts, accounts receivable services are a critical component of your balance sheet, directly affecting cash flow and profitability. While you insure your company against property loss, liability, or other unpredictable, high exposure events, you are leaving your most valuable and vulnerable assets open to loss. Here are the top ten reasons to insure your accounts receivable:

Grow your sales – safely and strategically to new and existing customers
Approve credit limits quicker – capture more revenue opportunities
Maintain cash flow and profitability – Mitigate your risk of bad debt
Access better knowledge – about customers and prospects to avoid losses
Obtain more working capital – insured receivables translate to secure collateral
Offer competitive terms oversees – sell more to foreign markets
Enhance your efficiency of you in-house credit team – deeper resources
Manage your A/R concentration risk
Enhance your customer relationships – Be more competitive by raising credit limits
Sleep better at night – knowing your risks are covered and payments guaranteed

Use this financial tool that manages both commercial and political risks that are beyond a company’s control. It is protection against your customer’s failure to pay their trade debts. Don’t be a victim when you don’t have to be.