Credit insurance is protection from a buyer’s financial inability to meet their trade receivable obligations due to :
Improve Your Position with Lenders
Credit insurance collateralizes AR, allowing lenders to improve margining and/or conditions
Credit insurance guarantees you will be paid for products delivered or services rendered. A major disruption of cash flow can cripple an otherwise successful business
Many companies restrict their growth due to self-imposed credit limits but knowing your AR is insured can allow more lenient payment terms or larger order sizes. Many companies are hesitant to expand into new markets due to unfamiliarity with unknown buyers. They might demand letters of credit, deposits, or prepayment when dealing with foreign buyers. Companies who demand fewer restrictions have the competitive advantage. With credit insurance, you can access that edge.
Every GSA policy is assigned to an individual Customer Service Representative (CSR). The CSR is available throughout the policy term to facilitate understanding of the policy endorsements, coverage issues, or any questions or concerns that might arise.
The CSR is available for consultation throughout all stages of claim filing and indemnification.
There is no additional cost for our services – we work for the policy holder, but are compensated by the insurer.
GSA will help you through every part of your claims process – including collections. Once you are ready to file a claim, you will automatically go through a collections process. Gerald Shtull & Associates works with several of the world’s largest insurance providers and their collection departments, as well as professional credit associations who help us to recover your loss before you have to complete a claim.