Export credit insurance is vital since it safeguards the receivable accounts of a company in foreign business. The insurance covers any business doing exports such that if a customer defaults because of issues like commercial or political risks, the company is compensated for a certain percentage of its invoice. Therefore, export credit insurance from Express Insurance empowers exporters and helps them grow and easily manage their businesses. Here is how our export credit insurance benefits any exporter in Longwood, FL.
Five Advantages of Export Credit Insurance
This insurance is like a safety net that allows you to venture into more opportunities and make more sales. You can allow customers to buy on credit or increase your credit line without issues.
Expand to New Markets
As long as you are protected with export credit insurance from Express Insurance, it is safer, and you become more comfortable investing in new markets. You confidently know that your business will be compensated with up to 90% of your invoice should your customer default.
Access More Financing
Another great thing about having this insurance is that banks and other financial institutions in Longwood, FL, will be more than willing to lend you against your account receivables. This is because of the kind of backup you come with when borrowing finances.
More Tax Benefits
You need to know that the premiums you pay for export credit insurance are tax deductible. Therefore, when you purchase export credit insurance from Express Insurance, you enjoy more tax benefits than you can with any other kind of insurance.
Proper Credit Management
There is a lot to handle in the export business, so you may lack time to manage credit risks. The best thing about export credit insurance is that it offers credit management benefits by assessing buyers and collecting receivables.
These are the benefits that come with export credit insurance. If you need support for your business, regardless of size, contact us for help. We offer insurance backup in Longwood, FL, to keep your export business safe from any financial risks to increase your international sales.