
Cancelable Programs
There are three monoline carriers specializing in trade credit insurance (and related products); Atradius, Coface and Allianz (previously Euler Hermes). These programs are ideal for clients seeking to outsource their credit and collections responsibilities. Policy holders rely on the carrier to determine creditworthiness of their buyers and prospective buyers. When an insured account receivable becomes aged, the policyholder is recompensed and the carrier takes over the collection responsibilities.
Additionally, these carriers offer robust online tools, country risk intelligence and a host of economic information that can very helpful with internal decision making, prospecting and contract negotiation. It’s important to note that the insurance contracts offered by these carriers reserve the right to cancel coverage on buyers which they perceive as struggling financially.
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