Trade Credit Insurance Coverage
Ensure business continuity and profitability
Trade credit insurance pays you when your clients violate their payment obligations. It offers protection against unexpected losses such as insolvency, bankruptcy, slow payment (non-payment) and political risk. Insuring your buyer portfolio is the most cost-effective way to protect yourself against non-payment.
To initiate a strong coverage strategy that works in your favour, it’s crucial to recognize from the get-go all the unforeseen threats that could potentially leave you blindsided. At BFL CANADA, our vantage point allows you to avoid those unpleasant surprises.
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BFL CANADA can help implement preventative measures to avoid collateral damage when met with an unexpected loss. Our coverage solutions ensure that your policy structure correctly reflects your business needs and that you receive continuing support throughout your policy term.
Covers one single account/debtor for companies who have buyer concentration issues.
Covers your most important buyers or a segment of buyers above a certain threshold in order to protect against the possibility of catastrophic loss.
Protects contracts spread over a period of time longer than 12 months.
Covers your credit risk portfolio of buyers and will be structured accordingly. Premiums and rates are based on annual insured sales. This option is the most cost-effective way to protect the majority of your credit risk portfolio against the risk of non-payment, and is the most common of options.
TOP 10 REASONS WHY BUSINESSES BUY TRADE CREDIT INSURANCE
Trade credit insurance can be a valuable tool for companies that hold Domestic Receivables, International Receivables, or a combination of both.
Though not all companies wish to insure their entire buyer portfolio, a full portfolio option is the most cost-effective way to protect yourself against non-payment. Depending on your company’s needs, there are various options available to you and your business.
BFL CANADA offers very competitive premium financing options to our clients. For companies operating on thin profit margins it is much more important to implement preventative measures to avoid being put into a reactive situation when faced with an unexpected loss.
Example: If your company operates on a 6% profit margin and you were to incur a $50,000 loss, what amount of additional sales would you need to break even on that loss? The answer is simple: more than $800,000 in additional sales.
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BFL CANADA has achieved extraordinary growth because of our consistent ability to perform and deliver due to our expertise, professionalism and dedication, as well as our entrepreneurial culture. This culture and work ethic have driven our growth and attracted organizations with which we have established meaningful and mutually beneficial partnerships.