Credit/Accounts Receivable Insurance
Are you looking to protect your company’s sales? Searching for the confidence that comes with knowing that your business’ finances are secure? Then you may want to consider the benefits of a Domestic Trade or Accounts Receivable Insurance policy.
Every good business owner knows that in order to effectively grow your business you must also extend your credit trade options; but what if you don’t get paid for a good or service you provide?
A faulty payment, or complete lack of payment can happen to any business. For example, your open-account customers could potentially file bankruptcy or go out of business all together. Perhaps they fall short of cash simply fail to fulfill payment for any number of reasons—you need to protect your sales against non-payment risks with a Accounts Receivable Insurance policy.
At Hall, Mahar & Associates our Accounts Receivable Insurance protects your sales against a wealth of commercial risks that have the potential to result in non-payment. These risks include:
- A customer’s bankruptcy
- Business closure
- Ownership changes
- Cash flow problems & balance sheet issues
- Bad faith
- Natural disasters
- General economic conditions in the US or abroad
- And more…
Most often, premium rates for Accounts Receivable Insurance are based on the terms in which your business extends credit, the spread of your business’ buyers and industry risks, as well as your previous credit and collections experience.
Interested in learning more about how our Accounts Receivable Insurance can strengthen your business’ commercial coverage plan? Contact Hall, Mahar & Associates to discover your specialized coverage options today!