Trade Credit Risk Insurance In Pittsburgh, PA
Trade Credit Risk Insurance
Buyer nonpayment due to insolvency or slow pay, can have a very significant negative impact on a company’s cash flow. With the proper trade credit insurance, a company has the ability to mitigate the financial impact of buyer nonpayment by transferring credit risk to a well-capitalized insurance company. Trade credit insurance also allows for a company to offer open account terms to international buyers, while reducing credit risk. This provides for a distinct advantage when competing globally. In some cases, buyers want to trade beyond pre-established credit limits. Trade credit Insurance allows companies to expand sales without incremental credit risk by adding coverage to existing credit lines. Trade credit insurance also enhances the receivable being financed thereby allowing a company to obtain expanded credit facilities.
Our Services In Pittsburgh, PA
Because of the population of Pittsburgh, PA, our services are very prominent and influential in the Trade Credit Risk Insurance. Known as “the Steel City” for its more than 300 steel-related businesses and as the “City of bridges for its 446 bridges, Pittsburgh, PA is an ever growing city loaded with tons of opportunity for those not only in the steel business, but many other forms of manufacturing. Some of these include aluminum, glass, shipbuilding, petroleum, and computers. The area of Pittsburgh, PA itself has served as the long time federal agency headquarters for robotics, software engineering, and cyber security. Pittsburgh, PA also has been a big contributor to the side of Arts and Culture. In the theme of performances, one can find Heinz Hall for the Performing Arts and the Benedum Center, Pittsburgh Symphony Orchestra, and the Pittsburgh Opera. There are also a few art museums in the area as well including the Andy Warhol Museum, the Carnegie Museum of Art, The Frick Pittsburgh, Pittsburgh Center for the Arts, and the Mattress Factory. The Pittsburgh Zoo and PPG Aquarium, Phipps Conservatory and Botanical Gardens, and the National Aviary have been serving the area for over a century.