by Tate Parker | Jul 30, 2019 | Bankers/Lenders, Business Owners/CFOs, Credit insurance basics, Insurance Brokers
Every company that begins to use a credit insurance policy has a few steps to take to fully implement that policy to begin to utilize it fully. Here’s how. Quoting The first step in using credit insurance is to complete an application and get a quote. Part of...
by Tate Parker | May 14, 2019 | Business Owners/CFOs, Credit insurance basics
Can credit insurance cover foreign accounts or only domestic? I recently wrote about how coverage decisions are made (How Credit Insurance Coverage Decisions Are Made), but what if your customer is outside the US? Can those sales be protected too? Why insure foreign...
by Tate Parker | Jan 22, 2019 | Credit insurance basics
When considering a credit insurance policy, everyone needs to understand how coverage decisions are made by the insurance company. After all, approving coverage (protection) of your customer accounts is why companies use credit insurance in the first place. A coverage...
by Tate Parker | Jun 20, 2018 | Bankers/Lenders, Business Owners/CFOs, Credit insurance basics
Healthy cash flow is the foundation of a stable business. It’s also what business lenders look at when determining how much credit to extend. But how do you protect the health of your business’s most important asset? Insure it. Most business owners I talk to don’t...
by Tate Parker | Jan 23, 2018 | Credit insurance basics
Almost every month, I’m referred to a business who has interest in protecting their accounts receivable and cash flow using trade credit insurance… but only on a single buyer (customer). The conversation usually goes something like this: “Yes,...
by Tate Parker | Jul 7, 2017 | Credit insurance basics
Sales Concentrations and Large Customer Payment Risk Take a second and think of the name of your largest customer. Now, think about how much that customer owes you. Do you have the figure in mind? Next, imagine that your next call or email tells you that this customer...
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