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INTERNATIONAL (EXPORT) CREDIT INSURANCE
Exporting goods into international markets often requires offering credit terms to foreign buyers. An export credit insurance policy can protect your assets and ensure you’re paid for the services/goods delivered.
Why Your Business Needs Export Credit Insurance
Traditional payment modes like cash in advance or letters of credit are becoming less competitive today. Many foreign customers, especially those in emerging economies, expect open account terms due to their unique financial situations. While this can help you grow your export business, it expands risk.
If your customers or target markets face recurring financial hardships, political instability, or currency issues, you might find it challenging to get paid. Our export credit insurance shields your business from such risks, allowing you to confidently offer competitive credit terms to customers globally.
Comprehensive Coverage for Global Risks
Our international export credit insurance protects you from both commercial and political risks:
Commercial Risks: These include buyer insolvency, such as bankruptcy and extended payment delays due to reasons such as irregular market conditions or natural disasters, which may affect your buyer’s operations.
Political Risks: Market and business disruptions due to events like war, civil unrest, currency issues, expropriation, or substantial changes in trade regulations.
Depending on your preferences, this insurance policy can cover either all your export receivables under a multi-buyer plan or focus on a particular buyer with single-buyer coverage. Regardless of your industry or product, any creditworthy buyer can be insured, based on financial assessments or trade references.
Affordable Protection Tailored to Your Needs
We provide the most affordable international export credit insurance for all types of businesses across industries. The insurance cost is typically a small percentage of your total sales volume. Rates may also depend on factors such as:
- Credit terms offered
- Geographic locations of your buyers
- Your export history
Premiums are flexible and decided based on the above factors. These come with flexible payment terms, including monthly, quarterly, or annually. Our minimal insurance rates ensure your benefits are far greater than the expense. Offering attractive credit terms can drive significant growth, making export insurance a smart investment.
Why Choose AtoZWoodCompany
AtoZWoodCompany is a seasoned and highly reputable timber company providing services globally. Besides world-class timber products, we also provide affordable export credit insurance to businesses worldwide in collaboration with leading insurance providers. We have partnered with government-backed insurance agencies and top-rated global commercial insurers to provide tailored international credit insurance plans for every business type. Here’s why we stand out:
Competitive Rates: We leverage strong underwriting relationships with our insurance partners to secure the best rates for you, with no hidden fees.
Expert Support: From credit checks to policy issuance and administration, we offer comprehensive expert support, ensuring your policy meets your business goals.
Value-Added Services: Additionally, you gain access to various other related services, including credit reports on potential international buyers, training for your in-house team, exposure to the global timber market, and ongoing support for insurance needs.
Transform Insurance into a Growth Tool for Your Business
Export credit insurance doesn’t just help reduce risk in your export business but it’s a strategic tool that you can leverage to fuel your business’ global exposure and growth:
Increase Export & Profits: Encourage customers to place larger orders by making it easier to buy in bulk and improving your production efficiency.
Expand into New Markets: Confidently enter new markets globally, leveraging expansion and growth opportunities in emerging economies.
Strengthen Distributor Relationships: Offer flexible credit terms to foreign distributors and customers, boosting your supply chain efficiency and brand appeal.
Improved Financing Options: Use insured receivables to secure bigger loans with better financing terms. Lenders often consider insured accounts as low-risk assets.
Enhance Financial Stability: Protect your balance sheet against unexpected losses and defaults and reduce the need for high emergency reserves.
With AtoZWoodCompany’s expertise and years of experience, you can access top-notch export credit insurance services within your budget and use them to facilitate your business’ international growth. Protect your foreign assets and dues, strengthen your global reach, and maximize your demand.
