Commerce credit insurance makes sure invoices will be paid and allows companies to reliably manage the commercial and political risks of trade that are beyond their control.
Understanding Commerce Credit Insurance
Commerce Credit Insurance
Trade Credit Management
Bad Debt Protection
Export Credit Insurance
Business Debt Collection
Credit Management Options Comparison
Frequently Asked Questions
Effective credit management is advantageous for every business. Commerce credit insurance serves as a crucial instrument in this regard. If your company engages in selling on open account terms to other businesses, commerce credit insurance can provide numerous advantages. Additionally, we offer services that can enhance and support your trading activities, even if you operate under different terms.
We have developed a variety of commerce credit solutions tailored to meet the needs of diverse businesses and transactions.
Please get in touch with us to discuss what would be most suitable for you.
Our insurance offerings are tailored for projects valued at a minimum of $2 million; however, projects valued at $1 million may also find our services appropriate, depending on specific circumstances. If your project values fall below this threshold, our insurance may not be the ideal solution for your needs. We recommend consulting with your insurance broker or business bank manager, who can guide you towards alternative methods of safeguarding your business.
Many businesses trade with long standing customers that seem well funded. They believe payment can be relied on. However, even the strongest commercial concerns can be affected by the economic cycle and commercial trends.
It takes considerable investment in data collection to keep track of customers’ financial health and to evaluate the risk of non-payment. We make that investment so you don’t have to and make analysis available to you. Insurance backed by insight allows you to trade with confidence through all phases of the cycle; today and tomorrow.
Yes, we have experience in supporting longer term transactions (for example, multi-year contracts). Get in touch with us and let us know what you need. We’ll be pleased to make recommendations.
Yes. Exporters concerned about political events can also benefit from cover for non-payment as a direct result of events in the buyer’s country. Typical situations can be war or cancellation of a contract by the local government. Another example is when a government imposes rules that stop goods being exported or imported or when regulations prevent hard currency transfers.
There are many benefits to commerce credit insurance. If you have just started with commerce credit insurance it can be useful to review your processes and procedures so that you gain the greatest value from your policy. We can advise you on best practice too. Here are some examples of what you can do.
- Train your employees on the use of our systems. Use our information on limits and grades to improve credit control and defend against catastrophic bad-debt losses.
- Demonstrate the enhanced quality of your accounts receivable when negotiating with lenders to access better terms.
- Build our information into your sales planning to target the most financially sound new customers.
- When developing strategy and business plans, identify the risks in new markets and opportunity areas with our data.
- Access our debt collection capabilities and network to accelerate speed of payment. Aligning your processes with our systems will improve efficiency.
- Strengthen your cash flow by insuring invoices so that you are indemnified for non-payment.
- Design your financial management and reporting to identify performance improvements.
WLC Insurance stands as the global frontrunner in the field of credit insurance, specializing in trade credit insurance. We provide a range of expert solutions, including accounts receivable insurance, business debt collection, protection against bad debts, surety bonds and guarantees, trade credit management, cash flow management, excess of loss (XOL) coverage, debtor insurance, and assistance with collecting overdue payments, late payments, and unpaid invoices. Our mission is to support customers worldwide in mitigating trade risks, making informed trade decisions, and fostering the secure growth of their businesses.
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