Accounts receivable insurance covers your business against any losses caused by the inability to collect payment from a customer for a variety of reasons.
Accounts receivable insurance covers your business against losses your business might experience when you can’t collect payment from your customers.
You can benefit from accounts receivable insurance when:
Your accounts receivable records are damaged
A customer refuses to accept your goods
Import or export permits are unexpectedly canceled
A contract is canceled
Why accounts receivable insurance is a smart business move
Accounts receivable insurance is part of an intelligent business plan because of it:
Protects your accounts receivable dollars and increases your cash flow
Reduces debts and improves your balance sheet
Leverages your policy to obtain more cash and free up other assets
Allows you to offer your customers better credit terms and payment options
Helps you obtain larger orders and expand into new and emerging markets with assurance
Additional transit insurance options
Depending on the type of small business you own, goods in transit insurance can be essential to protecting business property. If you clean, repair, service or perform work on the property of others, marine transit insurance may be a smart option. It can cover losses to goods that occur on your premises, in storage or while being transported to or from your premises.