There are different types of Credit Insurance companies — some specialize in Credit Insurance, and nothing else, while others are large insurance companies that offer business Credit Insurance as a specialty product. Explore the differences in the types of insurers, and find an one that offers the best value.
Finding the appropriate Credit Insurance carrier can be a daunting task. You should consider utilizing a knowledgeable Credit Insurance broker.
There are different types of Credit Insurance providers, including:
Limits Underwriters| Features | Benefits |
|---|---|
|
Large staff of underwriters |
More underwriters working for you |
Different teams evaluating credit risk and policy structure/cost |
In depth analysis/assessment of credit risks |
Global presence |
Develop a global reputation; expands your clientele |
Information on campanies worldwide |
Assess risk associated with companies worldwide |
Fast credit turnaround |
Can evaluate all credit limit decisions |
| Insurer can reduce or cancel a credit limit if risk changes | Early warning system, delivering credit risk |
| Features | Benefits |
|---|---|
|
Same underwriter for policy, pricing, structure and credit risk |
One key person understands entire relationship and has policy and coverage authority |
Insurance company cannot reduce or cancel credit limits |
Insurance company will not change or reduce coverage for policy period |
Risk sharing - typically large deductible |
Lower premium |
| For clients wth complex needs | The underwriter relies on the processes you already have in place |
Want to speak to a professional about your Credit Insurance needs?
See how much more you can borrow by having Credit Insurance.