Credit Insurance or Accounts Receivable Insurance protects your business against unexpected or catastrophic losses due to your customers’ insolvency or protracted default, both in Canada and abroad.
Why Insure Your Accounts Receivable? Accounts receivable represent one of the most important assets on the balance sheet and can account for as much as 30-40% of the company’s assets. Generally, accounts receivable are the only asset on the balance sheet not insured. Credit insurance safeguards the financial stability of your business by protecting cash flow, profits and tangible net worth. It can also allow your company to safely increase its sales by selling to unknown new customers or selling more to your existing clients.
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Featured Providers
| The Guarantee Company of North America |
www.gcna.com |
Regional offices across Canada:
- Toronto (Head Office)
- Montreal
- Vancouver
- Edmonton
- Quebec City
- Halifax
- Woodstock
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In business since 1872, The Guarantee is a Canadian owned "Specialty Insurer" and offers the following products:
- Credit Insurance
- Contract Surety
- Commercial Surety
- Developer Surety
- Directors' & Officers' Liability Insurance
- Crime - 3D / Financial Institution Bonds
- Guarantee GOLD® (high-value home & auto)
- Personal Insurance
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By purchasing Credit Insurance through The Guarantee, your firm can generally gain the following advantages:
- Increased access to financing
- Lower interest rates
- Increased sales by offering more attractive terms and larger volume orders
- Insure the profit of your firm knowing you will receive payment for sales made
The strength of The Guarantee’s balance sheet increases the credit worthiness of your insured receivables. These benefits serve to offset the cost of the policy while also protecting an asset at the same time. A win-win situation.
The policy can be a structured in many forms with varying degrees of coverage. A blanket policy can be written to insure all of your receivables, or just your ‘key customers.’ Your needs are unique so we will work with you to structure a solution that suits your company.
The Guarantee distributes all its products, including Credit Insurance, exclusively through independent brokers. To find a broker in your area email findabroker@gcna.com.
This ad contains general information and is not part of the policy. The terms of the insurance contract apply in all circumstances.
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