Top Reasons To Consider Credit Insurance For Your Business

Did you know that more businesses go bankrupt due to unpaid invoices than any other reason? Credit insurance could be the answer to financial security that your business desperately needs.

Today, amidst economic uncertainties, many entrepreneurs are realizing just how crucial it is to protect against unexpected client defaults. But how can credit insurance be a game-changer right now?

• Euler Hermes, trusted by Fortune 500 companies, offers coverage starting at $500/month. Euler Hermes
• COFACE, experiencing a 150% growth in client base, provides plans beginning from $350/month. COFACE

Imagine this: your business lands the largest deal of the year, only for the client to default. Most firms would face catastrophic setbacks, if not closure. Credit insurance provides a safety net, ensuring that even in the worst-case scenario, your operations remain unaffected. But that’s not even the wildest part…

Evidence shows that businesses with credit insurance are not only surviving, but thriving. They have improved credit lines and negotiation prowess, thanks to the decreased risk profile. Insurance companies are so confident in their analytics that predicting client defaults has become an art form. But what happens next shocked even the experts…