The type of companies that use trade credit insurance are typically B2B companies supplying goods or services on credit. These companies range from small and medium businesses to large enterprises and multinational entities. Trade credit insurance protects your company if your customers do not meet their repayment terms. In turn, credit insurance can expand your company’s market reach by extending credit to new buyers.
Companies can scale coverage to meet their budget and risk tolerance. So, you can purchase trade credit insurance to cover your entire customer portfolio or key accounts.
However, trade credit insurance alone does not improve cash flow. Using Apruve, you can offer risk-free credit globally and get paid within a day.