Trade Credit
Smart Risk Protection for Smarter Businesses.
Trade Credit Insurance in the UAE for Reliable Cash Flow & Safer Trade
.svg)
What is Credit?
Trade Credit Insurance in the UAE protects companies against the risk of bad debts due to customer insolvency or protracted default. Even well-regarded clients can default in an unstable market, risking your cash flow. CoverB, one of the trusted advisory platforms in the UAE, provides customized solutions that secure your receivable, safer credit and enable you to access funding to trade confidently and concentrate on your business expansion, not on unpaid bills.
Key Inclusions in the trade credit insurance policy
Increased Financing Alternatives
Better credit terms and financing options with banks, which bolster working capital and offer a generator for growth, are just some of the benefits of your business being able to insure receivables.
Debt Recovery Assistance
This insurance intervenes to recover debts responsibly on behalf of your organization when a customer defaults. They take the pressure off your internal resources and give you the best chance of getting your money back.
Continuous Credit Monitoring
Access worldwide databases to help you consistently assess the credit worthiness of your customers and reduce the risk to your business before any problems develop.
Political Risk Protection
Trade credit insurance protects your company from losses caused by political events which you cannot influence, such as trade restrictions or government acts which prevent buyers abroad from meeting their payment obligations.
Coverage for Payment Defaults
In the event that a customer hasn’t gone into insolvency, such insurance makes sure you are covered for losses resulting from unpaid accounts that are overdue beyond the predetermined credit terms – reducing your financial risk.
Protection from Customer Insolvency
Trade Credit Insurance in the UAE helps your business when a customer goes into liquidation or becomes insolvent, so you are able to collect your overdue payments and keep your cash flowing
Secure Your Future with a Quick Quote
Secure your business with our comprehensive Trade Credit Policy.
FAQs about Trade Credit cover
Yes, it includes non-payment due to protracted payment terms. In the event the buyer doesn’t pay within the term, the policy covers these bad debts helping you keep your balance sheet and cash flow healthy, allowing for continued operations.
Yes, as a trusted advisory platform, we offer a UAE-based customer default insurance policy that compiles both domestic and international trade, including protection against customer defaults in the UAE. Unpaid invoices from local buyers or international clients can be safeguarded and risks kept to a minimum, allowing businesses to expand into new markets.
When a company sells goods or services on credit, it assumes the risk that the buyer may not pay. Trade credit insurance transfers this risk to an insurer. If the buyer fails to pay within a specified time, the insurer compensates the seller.
Trade Credit Insurance in the UAE is designed for companies that sell goods or services on credit. No matter where you are operating, locally or across the globe, insuring your receivables – and hedging against customer insolvency or nonpayment is essential for a consistent cash flow and peace of mind.
Blogs
Discover more about us, insurance tips, and industry news through our articles.
No posts found in this category.
No posts found in this category.
