How could A/R Insurance increase working capital?
When accounts receivable are insured, insured companies can seek to borrow more against them, and often on more favorable terms. This allows companies to potentially access more capital from lenders to grow and expand their business. Use our Capital Boost Calculator to see what it could mean for you and your insureds’ businesses.
Who benefits from A/R Insurance?
Accounts Receivable Insurance benefits B2B companies looking to increase their advance rate on operating lines of credit to 70% – 90% and those who want to do more business on open account terms. It can even help companies looking for first time loans. ReceivaSure offers A/R Insurance through licensed insurance agencies for companies with eligible annual revenues as low as $100,000.
How does it work?
Coverage applies to non-payment or late payment from domestic and international customers. We offer three policy options to our customers.
Domestic: For companies who only have or only wish to insure their B2B receivables in the US and Canada.
Export: For companies who only have or only wish to insure their B2B receivables in countries other than the US and Canada.
Global: For companies who wish to insure all of their B2B receivables.
In all cases we strive to insure the amounts requested for cover, but each is individually underwritten and may result in less cover approved than the requested amounts.
Is there a deductible?
Each policy carries an occurrence deductible.
What are the policy terms?
ReceivaSure policies and scheduled Buyer Limits are non-cancelable for the one-year term of the policy. Coverage amounts cannot be canceled or reduced during the policy term.
Are premiums tax deductible?
Premiums can be paid by ACH or Credit Card up front offered by ePayPolicy and are tax deductible.