Single Buyer Credit Insurance

You want to do all that you can to protect your business, but the options can be confusing. At Prudence Insurance Brokers LLC, we understand, and we're here to help. Let's take a look at some of the different types of business insurance that can help you rest assured that your business is protected.

 

• Single buyer credit insurance - When you're in the export business, you know how important it is to protect yourself, as laws in other countries regarding finance are often different than those in the United States. This type of insurance covers both political risks, such as terrorism or war, and commercial risks, such as late payments or bankruptcy.

• Multi buyer credit insurance - This type of insurance offers all the same protections as single buyer credit insurance, except it allows for your business to work with multiple customers in foreign markets. If your business is expanding, multi buyer credit insurance may make the most sense for you.

• Whole turnover credit insurance - Whole turnover credit insurance provides a wide breadth of coverage for business owners. This type of insurance protects your cash flow from interruptions, which can help to ensure that your business continues running smoothly no matter what is happening with your payers. This type of insurance can also be helpful when you go to the bank for a loan to further your business, as it shows that your cash flow will stay intact regardless of the economic climate. This type of insurance can also give you the confidence that you need to expand your business, knowing that you'll be able to pay additional employees and keep up with the demands of your growth.

• Documentary credit insurance - Documentary credit insurance is an excellent way to protect your business against the effects of non-payment. You know that your business doesn't just depend on payments for income - you use those payments to keep your business running. When you have a late payment from a buyer, many different aspects of the day to day running of your business can be negatively affected. You may struggle to pay your employees on time. You may struggle to get the supplies that you need to keep up with your exports. You may struggle to make payments on your loans. While all of this can be horribly detrimental to your business, it can also paint a bad picture for people who are thinking about investing with you. When you have documentary credit insurance, you're not just protected against late payments- you're protected against the negative effects that late payments can have on your business.

​

​

No matter what type of insurance makes the most sense for your business, Prudence Insurance Brokers LLC is here to help. Reach out to us today to learn more about our insurance options, including single buyer credit insurance, multi buyer credit insurance, whole turnover credit insurance, and documentary credit insurance. We understand that it can be hard to figure out what type of insurance makes the most sense for your business, and we'll be with you every step of the way as we work out what the perfect business insurance package is for your needs.