Accounts Receivable Risk & Mitigation Strategies (FENG)
Topic: Accounts Receivable Risk & Mitigation Strategies
As a broker, CFO, controller, your role is to help your commercial clients/company control as much risk as possible. One danger area for some businesses – accounts receivable (A/R) – can
be protected by insurance but often is not. Considering that A/R could be as much
as 40% of a company’s assets, one bad debt loss could be a nightmare for a firm
struggling to stay competitive.
You owe it to yourself – and your clients – to have Coface credit insurance in your
toolkit.
Advantages for Brokers
• Diversify your product offering. Stay ahead of the game by offering a trusted product that meets client needs.
• Bring in more new business. Let credit insurance be a new channel for increasing revenues per client as well as bringing in new business.
• Full support by Coface. A licensed agent will work with you to introduce the benefits of credit insurance to your clients.
Here’s the greatest advantage of all: You’ll never hear a client say, “I’ve just had a large loss. Why didn’t you tell me I could insure my receivables?”