Credit Insurance
More and more companies are seeking credit insurance as the business landscape they operate in evolves and changes. Businesses must take proper steps to protect themselves against their customers' potential inability to pay debts. Lloyd Sadd Insurance offers credit insurance solutions that are tailored to protect a company and its overall health from this unexpected type of risk.
With Lloyd Sadd Insurance's credit insurance, clients can get paid if an account becomes insolvent, depending on their policy limits and deductible. Consider credit insurance coverage as "health insurance for your business". It guarantees that your company will "stay well" by ensuring that you get paid for the merchandise you ship or services you render. It adds up to more opportunity for clients to grow profitably. In today's tough economic environment, protecting your company's accounts receivable is vital to long-term success.
Benefits to using Lloyd Sadd Insurance's credit insurance policy include the following:
- Reimbursement for bad debt losses
- Potential sales increase by allowing for larger credit lines to good risk customers
- Potential to receive better financing from your banks
- Additional credit information resource (professional collection staff can help collect past due accounts)
- Guaranteed profit margins
- Management and control of accounts receivable
Our policy structure features the following:
- Annual policy with flexible coverage options
- Annual premium based on desired credit limit
- Worldwide coverage of domestic and export receivables
Contact us to learn more.