As a California business owner, it’s crucial to make sure you have the right commercial insurance policies to make sure you’re always covered no matter what situation may occur. An important type of insurance for your commercial business most people don’t think of until it’s too late is trade credit insurance, also known as account receivables insurance. Having trade credit insurance for any business near Irvine & Aliso Viejo, or anywhere in Orange County, is a smart idea to avoid any financial losses.

Protect your receivables from Non-Payment and Bankruptcy

If you’ve experienced account receivable losses due to non-payments or bankruptcy, the right trade credit insurance can help commercial business owners like you trade safely and grow your sales without worrying your invoices aren’t being covered.

Trade insurance does more than mitigate your non-payment risk; it’s a sales tool that can help your business get more orders. When you’re looking to get some extra capital, it’s a great financing tool that makes your account receivables more attractive to banks and lenders.

Don’t wait to get account receivables insurance until your commercial business faces credit problems or foresees exposure. At that point, it’s often too late for carriers to take on the risk.

BearStar Insurance Services can facilitate with the right policy, if you’re considering taking on a new buyer or working with a client with less than stellar credit. Our experienced brokers can structure your policy to give your California commercial the most coverage at the right price.

Benefits of Insuring Accounts Receivable with Trade Credit Insurance

With trade credit insurance, you can rest assure that you will receive the following benefits:

• It’s a tax-deductible business service, which makes it more cost effective.
• Banks and other financial institutions recognize it as collateral security.
• Credit insurance is suitable for most businesses, from SMEs to large multinationals for both domestic and export trade.
• One policy covers multiple customers.
• It can be used as a sales tool that can help you win more orders.
• It can put liquid funds back into your business, protecting you from loss.
• It usually pays 90% of any unpaid balance due to loss or bankruptcy

Need Trade Credit Insurance for Your California Business? Contact Us Today!

As a leading trade credit insurance provider in Irvine, Aliso Viejo and across California, BearStar Insurance Services provides effective, customized insurance solutions that help protect your companies accounts receivable from unforeseen losses. As trade credit insurance specialists, our experienced team can put together unmatched coverage designed to exact your individual commercial business needs.

At BearStar Insurance Services, our products and services cater to the needs of commercial businesses, including trade credit insurance, employment practices liability insurance (EPLI), business owner’s policy, and options for commercial vehicle insurance.

Leveraging over 100 years of experience, BearStar Insurance agent specialists have a deep understanding of what California Business Owner’s need – and don’t need – when it comes to their insurance coverage. From general business and workers’ compensation to independent contractors and cybersecurity, we work with some of the best carriers in the industry to provide you with custom-fitted, comprehensive protection at the best possible price. We value the relationships we build with our clients; fill out this form to get a quote or call us today at 949-979-5251 to speak with your local agent.