Umang Shah, Co-founder, Qian Insurance Broking, states in response to a query on Trade Credit Insurance Policy A Trade Credit Insurance Policy in India provides coverage against the risk of Unpaid Invoices for the goods or services that the buyer has received. A Trade Credit Insurance Policy, also known as Accounts Receivable Insurance Policy or Bad Debts Insurance is a good way manage cash flows."

Today, a major portion of sales are done on a Credit Basis, and this leaves the seller at a huge risk of unpaid invoices. Businesses can secure their receivables with a Trade Credit Insurance Policy and thus manage the risk of unpaid invoices. Sellers can make sales to new buyers or expand to new territories since their receivables are backed by a Trade Credit Insurance Policy. A Trade Credit Insurance Policy, thus allows the seller to transfer the credit risk of the buyer to the Credit Insurance Company.

Umang Shah further said, " The last 2 years of CoVID pandemic had a devastating impact on many businesses. Shutdown of businesses meant that there were payment delays and defaults. In such a scenario, there was an acute need for securing the unpaid invoices with a Trade Credit Insurance Policy. Trade Credit Insurance Coverage is thus your best defence for securing receivables.

Additionally, a Trade Credit Insurance Policy works as a leading indicator of potential payment issues by providing an early warning signal to the seller of payment delays from the buyer’s end. This allows the seller to cease further shipments to the buyer.

Thus, a Trade Credit Insurance Policy is an indispensable tool for businesses to manage payment risks. Businesses should approach an experienced Trade Credit Insurance Broker who will assist them with competitive Trade Credit Insurance Quotes and also apprise them of the exclusions in a Trade Credit Insurance Policy.

Qian is a licensed Trade Credit Insurance Broker in India with experience of serving clients across a wide range of industries. In a short period of 2 years, Qian has become a leading Trade Credit Insurance Broker with tie ups with top Trade Credit Insurers in India. Businesses looking to get a trade credit insurance policy in India should approach the team at Qian. In addition to Credit Insurance , Qian also offers a wide range of insurance solutions such as a Fire Insurance Policy, Cyber Insurance Policy, Product Liability Insurance Policy etc.

About Qian

Qian is a leading insurance broker in India for commercial insurance products such as Fire insurance Policy, Contractors All Risk Insurance Policy, Workmen’s Compensation Insurance, Product Liability Insurance and GPA Insurance Policy.

Qian has a dedicated team of experts for Fire Insurance who can assure them of comprehensive fire insurance coverage and also assist them with the entire claims process under a Fire Insurance Policy.

Those looking to purchase a fire insurance policy for factory should consider Qian as their top choice.