Economy Recovering...Time to Buy Trade Credit Insurance!

Why should a company continue to purchase protection for their accounts receivable from Encharter Insurance now that the economy is showing signs of recovery? This is a simple question, but one that has plagued the industry since the 1890’s. Most companies rush to protect their accounts receivable during bad times for obvious reasons: they are worried that they will never receive payment or at least full payment, or that their customers will either pay slow enough to hurt their cash flow or file bankruptcy. But when times are good, too often a company ignores this important protection.

Trade Credit Insurance should be treated like any other insurance; it should be there when a catastrophic event occurs. It is well known that someone should purchase any type of insurance when they don’t need it. This makes the insurance companies feel comfortable that the purchaser is practicing sound risk management. Furthermore, purchasing Trade Credit Insurance during good times will be less expensive than what we saw in 2008 and 2009 when the economy was on less-stable ground and coverage on key customers is easier to obtain. Purchasing Trade Credit Insurance, also known as Accounts Receivable Insurance or Credit Insurance, through a full-line Property & Casualty insurance agency such as Encharter gives the purchaser access to many options and unique expertise, which are very helpful in navigating the insurance world.

So now that the economy is showing signs of recovery, NOW is the time to buy Trade Credit Insurance! Call your knowledgeable Encharter Insurance agent, Eric Voegtle, today at 888-865-1244! You can also visit our virtual insurance office at www.encharter.com and research the other types of commercial insurance that we offer our valued customers: General Liability Insurance, Commercial Auto Insurance, and many more! And of course, you can always visit our agents at our insurance office in Watertown CT. They are waiting to serve you.

At Encharter, “It’s all about protecting you!”