Trade credit insurance pays you when your clients no longer have the ability to stand by 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.
By the same token, trade credit insurance also helps businesses to secure and protect outstanding sales and gain the confidence to enter new and untapped markets. It is also designed to secure receivables and enable companies to safely increase credit limits to existing clients and offer open credit terms.
Discover your coverage solutions
SINGLE BUYER
(specific risk)
Covers one single account/debtor for companies who have buyer concentration issues.
KEY ACCOUNT
Covers your most important buyers or a segment of buyers above a certain threshold in order to protect against the possibility of catastrophic loss.
MEDIUM OR LONG-TERM COVERAGE
Protects contracts spread over a period of time longer than 12 months.
WHOLE TURNOVER
(full portfolio)
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.
The BFL CANADA advantage in a competitive market
WHY DOING BUSINESS WITH BFL CANADA IS IN YOUR BEST INTEREST?
- We negotiate on your behalf to get the best protection, rate and deductibles.
- We work with you to develop tailor-made solutions adapted to your reality.
- We deal with all major insurers that specialize in your industry.
- We have offices across Canada to meet your local needs and partners in over 140 countries for your global ambitions.
- We are solution seekers for companies of all sizes and every industry.
At BFL CANADA, we help our clients get peace of mind. Most insurance policies require various insurance companies to share the risk. As your insurance broker, we are able to canvass the insurance marketplace, approach financially sound insurers and always act in your best interest.