LPH Financial Services
Trade Credit Insurance

Ensure Protection against potential credit risk

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Why You Need Trade Credit Insurance?

A trade credit insurance is designed to help your business tide over many credit risks that may threaten your business if they are not addressed properly. It is also known as a risk management tool that functions to protect your business against several credit risks such as bad debts and unpaid invoices because of bankruptcy, default, etc.

You will be able to close more favourable deals with better borrowing terms if you have got trade credit insurance. On the other hand, you will have a healthier relationship with your customers as the insurance plan helps you set up a customer-friendly payment system.

Who Needs Trade Credit Insurance?

Any businesses that deal in exporting goods and services should essentially get trade credit insurance to ensure the utmost protection against the risk of non-payment of invoices or debt. Whether you are a large, medium, or small enterprise, this should be an important part of your safety tools.

How We Can Help You?

Let us know about your specific requirements—our experienced and knowledgeable professionals will assist you to get the proper planning for reducing the credit risks. If you are looking forward to expanding your business, securing your business against the credit risk, and attracting new clients based on favourable terms, you have a perfect reason to go for the trade credit insurance.

Trade Credit Insurance

Insurance coverage to the businesses against the risk of non-payment of invoices, credit, and receivables.

Business Credit Insurance

Reduce accounts receivable (AR) nonpayment risks and protect your business against financial loss.

Credit Insurance

It can be a lifesaver in the event of credit risk. It can be a safety net for those who are exposed to the risk of non-payment of credit or debt.

FAQ

Life Insurance provides peace-of-mind that financial hardship will be alleviated upon the death of the insured.

The members of your immediate family with insurable interest can take a life insurance policy on your life. Life Insurance Companies cannot provide a stranger to buy an insurance policy on your life. Life Insurance of Dubai allowed your employer or business partner an insurable interest. A Life Insurance policy cannot be taken without his prior knowledge.

No, you are the owner of your policy. So it is not necessary to prove your beneficiaries have an insurable interest. It can be anyone, even a stranger, only named as a beneficiary who wants the insured to be alive and healthy.

Often the insurance is termed as temporary because it lasts for a specific period. The life insurance companies provide the temporary insurance offered only during the life insurance application process. If you die before your final application is approved, the temporary policy pays out to your beneficiaries. The temporary insurance must be renewed when that period ends.

It is a way to protect your beloved one through financial support after your death. A death benefits your beneficiary is term insurance.

Co-pay is a fixed portion of you to pay towards the doctor prescription or treatment expenses, and Coinsurance is the percentage of costs you pay after you’ve met your deductible.

No never. By taking life insurance, you can die with complete peace of mind. Because you die during the term; you know the company will pay your beneficiaries.

The participating policy pays you dividends and enables you as a policyholder to share the insurance company’s profits. The company produces a premium at the end of the year.

An agent may believe term is risky, but only because you could have a hard time buying a policy in the future if your health deteriorates or you cannot afford the higher premiums. Commissions could also be a reason for an agent who discourages term.

Successfully made premium payments to cover the cost of insurance for the rest of your life.

Life Insurance Dubai pays the death benefit, and the beneficiaries can collect it. If there are any loans you have to repay, they will deduct from the death benefits.

The family floater plan is for families, and like an individual plan, it is extended to cover your whole family.

Health issues are common these days. And the medical treatments are costly, and so the individuals are draining for financial aids. But if you have any health insurance, it can be helped you to an extend. You can take your health insurance even through insurance brokers. Health insurance is a type of insurance that covers medical expenses that arise due to an ailment. These expenses could be related to hospitalization costs, cost of medicines or doctor consultation fees.

What kind of Trade
Credit Insurance Do You Need?

Tell us what type of credit insurance you need. Our experts will assist you in selecting the right policy for your business.

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