Securing your Trade, Ensuring Success and Continuity
IRDAI Licensed Specialist Credit Insurance and Surety Bonds Brokers
Does your Business need Credit Insurance?
Answer the following questions to find out
- Do you sell goods or services on a business to business basis?
- Do you provide credit terms to your customers or have you considered doing so?
- Would you like to improve your cash flow?
- Are your sales concentrated on a small number of key customers?
- Do you plan to expand into new markets, sectors or countries? .
Role of a credit insurance broker
Needs analysis
TCOR profiling & financial modelling
TCOR profiling & financial modelling
In depth assessment of your business objectives and requirements, both in the short & longer term
TCOR profiling & financial modelling
TCOR profiling & financial modelling
TCOR profiling & financial modelling
Credit risk analysis of your receivable portfolio, focusing on the optimum level of risk transfer, risk retention & resource/ capability
Solutions
TCOR profiling & financial modelling
Solution benchmarking & selection
Full cost-benefit analysis of appropriate programme structures & solutions ranging from self-insurance to excess of loss structures
Solution benchmarking & selection
Solution benchmarking & selection
Solution benchmarking & selection
Full global insurer market review & identification and selection of appropriate solution
Implementation
Solution benchmarking & selection
Implementation
Full implementation of your chosen solution(s) with credit insurance policy management training and support
Servicing
Solution benchmarking & selection
Implementation
Performance against KPI’s and service level agreement
Frequently Asked Questions
Please contact us if you cannot find an answer to your question.
Credit insurance policies vary, but they generally cover the following:
- Insolvency of a customer.
- Protracted default (delayed payment) by a customer.
- Political risks in international trade, such as government actions or currency exchange issues.
- Non-payment due to disputes or other valid reasons specified in the policy.
The cost of credit insurance depends on several factors, including the size and creditworthiness of your customer base, the industry you operate in, and the coverage limits you require. Insurers assess these factors to determine your premium. Typically, premiums are calculated as a percentage of your insured sales or as a fixed cost based on the policy terms.
While credit insurance does come at a cost, it's important to consider it as an investment in protecting your business's financial stability. The expense of credit insurance is often justified by the potential financial losses it helps prevent in the event of customer non-payment or insolvency.
Credit insurance is not exclusive to large corporations; businesses of all sizes can benefit from it. In fact, credit insurance can be particularly valuable for small and medium-sized enterprises (SMEs) that may have limited resources to absorb the impact of customer defaults. SMEs often have a more concentrated customer base, making them vulnerable to significant financial losses if a key customer fails to pay. Credit insurance can provide peace of mind to small businesses by mitigating the risks associated with offering credit terms and enabling them to expand their customer base with confidence.
Contact Us
Secure Credit, Chansar Insurance Brokers LLP, IRDAI License Number - 891
Message us on WhatsApp
Offices
Gurgaon - Suite-428-429, Tower-B Spazedge,, Sohna Road, Sector 47, Gurugram, Haryana 122018
Monday - Friday: 9am - 6pm
Saturday: 10am - 2pm
Sunday: Closed
Secure Credit, Chansar Insurance Brokers LLP
Copyright © 2023 Chansar Insurance Brokers LLP - All Rights Reserved. IRDAI License Number 891, Valid Till 2026
Powered by GoDaddy
This website uses cookies.
We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.