1. Key Benefit
Unlike a captive agent who represents one insurer, trade credit insurance brokers are independent and have access to all trade credit insurance companies. This flexibility allows the broker to meet your specific customer needs and give the best available options. A broker is unbiased and recommends the best available solutions.
2. More Competitive Rates
A broker capitalizes on its large network of insurers to negotiate terms that meet your budget. By working with a broker, you are assured of cost-effective trade credit insurance solution. By working with multiple carriers, the broker can provide competitive rates that match your financial needs. This means your organization can control costs without sacrificing the quality of coverage.
3. Client-Focused Support
Trade credit insurance brokers offer customer service that caters to all the matters clients raise. To ensure the customer support mechanism is working for you, the kind of support available is fast and effective throughout all your journeys with the insurer. This personalized support ensures long-term trust and reliability.
4. Clear Understanding of Policy
Brokers ensure that you get clarity and precision in the details of a trade credit insurance policy. Such clarity will help you understand what is being covered and eliminate gaps in your insurance coverage.
5. Timely Claim Payments
A credit insurance broker works with diligence to ensure that claims are settled in timely matter. Their expertise in the claims process assures timely satisfaction of the claims process. Your broker’s role is to advocate on your behalf throughout the process.
6. Highly Rated Insurers
Trade credit insurance brokers provide peace of mind knowing the coverage they offer is backed by reputable financially strong insurers. This financial stability supports the payment of claims and protects your business.
7. Flexible Policy Options
Brokers offer coverage that is specifically designed for the insured, giving you the assurance that the unique aspects of your business are considered. By personalizing coverage options, you are able to mitigate risks that might be unique to your business or the industry. A customized trade credit insurance policy creates value that is more aligned to supporting your business objectives.
8. Misconception of Cost
A myth is that brokers add costs. Actually through the creation of a competitive process, the insured will be confident they are getting the best pricing and coverage options. Market competition by a broker offers a wider variety, hence getting better terms than an agent might be able to provide.
9. Regular Policy Reviews
Regular policy reviews ensure that your coverage reflects your changing business needs and any changes in the market. Such reviews identify gaps or areas of policy improvement. Still, being proactive in updating your policy ensures protection from a wide range of potential risks.
10. Key Market Insights
Trade credit insurance brokers provide you with insights into the trends and changes in the market, ensuring that you are informed about critical market changes. This broad industry knowledge helps the insured assess potential risks and opportunities.
11. Claim Advocate
The brokerage will provide you with full support during the claim process, ensuring that the claim will be settled per the terms of the policy. Personal responsibility reduces your stress and ensures a support system. Their expertise in taking care of claims can be trusted with professionalism and care.
Since 2004, Securitas Global Risk Solutions, LLC (“Securitas”) has helped clients develop credit and political risk transfer solutions that provides value on numerous levels. As an independent trade credit and political risk insurance brokerage, Securitas is focused on developing comprehensive solutions that meet the needs of clients, ensuring complete understanding of policy wording and delivering excellent responsive service.
