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You need to extend competitive terms to grow your business, but what happens if you don’t get paid? Have you taken a close look at your open account clients lately?

Could they file for Bankruptcy?

Have they run into cash flow problems?

Are they facing adverse liability judgments?

Do they lack sufficient insurance protection?

Would they perpetrate balance sheet fraud?

Have they failed to pay you?

You can protect your receivables against non-payment risks with a Credit Insurance policy.


Covered Risks
  • Buyer Insolvencies (e.g. bankruptcy)
  • Protracted defaults (slow payment)

These problems could occur for many reasons, such
as fluctuations in demand, natural disasters, or general economic conditions in your Client’s industry.


All of your receivables can be insured under one policy,
or in some cases you can purchase key-buyer coverage. Sales of all types of products may be covered, regardless of content or where the products are manufactured.
Any kind of company can apply for accounts receivable insurance, including manufacturers, distributors,
dealers, etc. Your customers don’t need to be huge corporations; any buyers can be considered as long as they are creditworthy, as determined by financial information, trade references, or in some cases simply your company’s own ledger experience.

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CASE HISTORY

Challenge
Midsized U.S. manufacturer with an extensive foreign customer base was uncomfortable with extending payments outside of the
United States.

Action
Alper Services performed an analysis of the company's receivables and customers to secure a plan that would work for them
without being too restrictive.

Results
A credit insurance program was put in
place to ensure the manufacturer's security
and transfer the default risk to a credit insurance company.

 

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