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Small Business Credit Insight | Time Is Money
Lining up your accounts receivables doesn’t always happen exactly as planned. As a small business owner, you know that when invoices aren’t payed on time, your bottom line can quickly be impacted. Today, many SME’s are looking into what small business credit insurance options are the best for their company.
Our insurance brokers understand know time is money and take pride in sourcing the best solutions for small business owners and operators. We’re proud to partner with highly rated insurance companies like Euler Hermes Canada that understand the unique coverage needs of Canadian small business.
[Related Matters] The Globe and Mail “Worrying signs from credit markets…”
As one of the oldest and largest private trade credit and accounts receivable management solutions providers, Euler Hermes Canada has made a name for itself since 1923. As a credit insurance provider, Euler Hermes Canada stands out with:
- More than 90 years of experience in Canada and 100+ years in North America
- Presence in more than 50 countries and 5 continents
- AA financial rating by Standard & Poor’s and A+ by A.M. Best Company
Simplicity Is The Answer For Small Business Credit Insurance
“Simplicity is a credit insurance solution from Euler Hermes that provides small businesses with the ability to mitigate their receivables risk—quickly, simply and affordably so they can grow with confidence. A Simplicity policy offers easy-to-understand, fixed pricing and can be issued within about a day, making it easy for your business to purchase and administer.”1
What Does A Simplicity Credit Insurance Policy Cover?
“Euler Hermes Simplicity covers all domestic and foreign buyers (on the list of covered countries) against bankruptcy and slow payment losses. Should one or more of your covered buyers fail to pay, the policy covers 60% of the debt, up to the maximum liability per customer and the Annual Maximum Liability of the policy listed in the pricing table.
You also have the option to request enhanced coverage, which utilizes Euler Hermes proprietary risk ratings to assess the creditworthiness of individual buyers. Approved and enhanced buyer limits cover 90% of a bad debt loss. With Simplicity, all of your customers are covered from day one at the basic 60% coverage rate as long as they are not already in a past- due situation.2
Focused on quick, simple and affordable solutions that mitigate the receivables risk many small business owners face, Euler Hermes Canada is known for top notch service delivery. Euler Hermes Canada credit insurance gives your business security, provides you with a reliable partner, is affordable and is easy to manage.
Insurance Options For Your Small Business or SME
We take the time to assess your specific office coverage needs and match these with the best possible insurance products and services. Coverages most relevant to small businesses include:
ALIGNED Small Business Credit Insurance | 1-866-287-0448
Across Canada, our small business insurance brokers can help ensure you have the best small business insurance, including credit coverage. Talk to us about the best credit insurance solutions. Uniquely within the industry, we create, negotiate and deliver the best business insurance and risk management strategies/solutions to Canadian small business. We can help you get quotes for small business insurance and credit coverage today. 100% Canadian owned, we serve more than 1,400 clients across the country through offices in Toronto, Calgary and Vancouver and a national operations centre in Waterloo, Ontario.
Sources: 1,2 Euler Hermes Canada
The Globe and Mail “Worrying signs from credit markets…”