Credit Insurance
A Credit Insurance policy protects you against the bad debt losses such as a customers financial inability to pay in essence protecting your account receivables.
While all companies should consider credit insurance, we recommend it to those businesses that have a large concentrated receivables from a few buyers, operate in low margin industries and must minimize bad debt losses, and are exposed to the political risks of international customers. Credit insurance is also beneficial to businesses that are presently trading on restrictive terms and wish to offer open account terms, want to improve financing terms and conditions, have limited in house collection/credit experience and are expanding sales to new buyers and/or new markets.
The Hubbard Insurance Group's policies are designed for Canadian Companies or foreign companies with Canadian operations. Coverage is available for most goods and services including customized products. Political risk coverage is available by endorsement.
Typical unusual transactions to consider:
- Insuring one division only
- Insuring credit exposure above a certain dollar figure
- Large first loss programs catastrophic in nature
- Named buyers only
- Single credit limit transactions (Yahoo, General Motors, Chapters)
- Excess coverage to support temporary bulge in exposure
- Multiple insurers supporting one insured client
- Insuring export market only, or a specific export market only
- Insuring domestic market only
Call us to discuss your business and we can determine the best risk management package for you. We will get you the protection you need at a competitive rate. To learn more or get a free quote contact us 905-696-9090 or Toll Free 1-800-900-2009 or better@hubbardinsurance.com
Insurance Industry Coverage to Consider
GENERAL BUSINESS INSURANCE
Protect your business property and assets as well as your reputation from lawsuits, accidents and more.
INFORMATION TECHNOLOGY INSURANCE
Coverage for special risks and strict regulations - disclaimers, copyrights, confidentiality, e-commerce financial exposures. We have the safeguard you need.
GROUP BENEFITS & LIFE INSURANCE
Coverage for health care, dental care, short term or long term disability, life insurance for any size businesses operation.
Call Toll Free 1-800-900-2009