balance sheet protection for a competitive marketplace

Managing credit risk is a growing issue for most companies. As mergers and acquisitions result in a shrinking customer base and growing credit exposure to each customer, a company’s balance sheet becomes increasingly exposed to the actions of their customers. Your client controls a key asset of your business – accounts receivable! Once you transfer title to those goods your control is greatly reduced. Trading in a competitive environment can increase risk to your company and it’s assets.

Executive Risk Insurance Services has introduced a suite of trade credit insurance products providing the protection companies need in order to grow their business in a competitive marketplace!

managing credit risk in the face of a changing environment

Whether seeking to expand one’s customer base into new markets overseas or facing increased exposures with customers at home, effective management of your company’s accounts receivable exposure is key to successfully managing your company’s profitable growth.

Proper credit management practices are the first line of defense against any change in a customers financial stability. However, even the most seasoned credit departments cannot forecast all possible insolvency situations. Providing your credit department with an additional insurance hedge against an unforeseen bankruptcy enables a company to manage this key asset with confidence.

Accounts receivable are quite often a company’s largest asset, providing an important cash flow input, but are most vulnerable to the actions of non-related parties. Protecting this asset from unforeseen events that result in a customer’s insolvency is a key line of defense to minimize interruptions in cash flow!

ERIS product offerings

Commercial Risk Insurance - Domestic Canada and US Sales cover only

Export Risk Insurance – Protect your foreign sales

Top-Debtor Protection

Excess Credit Insurance

ERIS’ trade credit insurance features

Products designed to hedge a company’s credit management practices

Protect domestic and export sales

Non-cancelable cover – security in the knowledge that the protection is there when you need it

Tailored risk sharing structures to deliver the cover required while keeping pricing in line with where the risk lies

Discretionary Credit Limit authority – you know your customers – manage their exposure without additional underwriter interference

Excess Credit Insurance options - Ability to work with other insurers to shore up capacity constraints

underwriting syndicate

All policies issued under the Executive Risk Insurance Services (ERIS) Trade Credit facility are issued by Kiln Syndicate 510 at Lloyd’s which holds the financial strength rating of “A+” from Standard and Poor’s.

All claims are adjusted by Kiln Syndicate 510 at Lloyd’s.

required underwriting information

Completed Application

Credit Management Questionnaire

Aged List of Accounts Receivable

Required Customer Credit Limits

Detailed Explanation of Bad Debt Write-offs due to a covered event

Description of Business

Applicant’s latest audited financial statements


back to top

contacts