Qian Insurance Broking announced the launch of a new Trade Credit Insurance Policy in partnership with various insurance companies in India. The Insurance Policy provides businesses coverage against non-payment of delay in payment by the buyers for the goods or services they have received.A Trade Credit Insurance Policy in India is a a type of insurance policy which provides reimbursement to the seller if the buyer defaults or delays payment owed. This Policy is extremely important for businesses to protect their accounts receivables and protect it from bad debts.
A Trade Credit Insurance Policy is also known as Accounts Receivables Insurance. Trade Credit Insurance Coverage includes cover for Domestic as well as Export transactions.
Commenting on the benefits of a Trade Credit Insurance Policy, Umang Shah, CEO of Qian said, "A Trade Credit Insurance in India offers a range of benefits to businesses, such as protection against bad debts, improved access to loans, and confidence to expand businesses to new territories. The Trade Credit Insurance Companies also provide access to risk management services such as credit checks on customers, ongoing monitoring of credit risk, and support in the event of a claim.”
A Trade Credit Insurance Policy thus provides significant protection of receivables for businesses which locks up their capital and constrains their ability to grow the business.
The Credit Insurance Policy is better than other tools for managing credit risks like Letter of Credit and Factoring. A Trade Credit Insurance Policy is cheaper than Letter of Credit.
The Product is particularly beneficial for small and medium businesses which have limited capital and capacity to manage credit risks.
“The launch of a Trade Credit Insurance Policy in India is part of our strategy to provide tailored insurance solutions to our customers depending on their requirements. We have a proven track record of working with our clients to deliver customised insurance solutions.
To learn more on Trade Credit Insurance Policy Coverage or any other types of insurance policies, please visit Qian Insurance Broking’s website at www.qian.co.in
About Qian Insurance Broking
Qian Insurance Broking is a leading Trade Credit Insurance Broker in India with experience of serving clients across diverse industries for their credit insurance requirements.
Qian’s dedicated Trade Credit Insurance team Buy fire insurance for factory will make sure that you avail comprehensive Trade Credit Insurance Coverage and also make you aware of the exclusions in a Trade Credit Insurance Policy. Qian has a track record of partnering with clients to deliver industry leading insurance solutions for clients.