TradeSecurely Receivables Insurance Canada

A TRADE CREDIT INSURANCE SPECIALIST AS YOUR BROKER OF RECORD An aerospace products company engages a Trade Credit Insurance Specialist to investigate its receivables insurance policy coverage after a claim denial. In this episode “From the Trenches” Mark Hall Vice President, Credit Insurance, at Elevate Global Insurance outlines how he became Broker of Record for the company and uncovered a variety of issues that led to a negotiated settlement on the claim, a refund of approximately USD$90K on premiums paid and a continued relationship between the insured and the insurer that benefits both parties. Read the case study and watch […]

THE VALUE OF A TRADE CREDIT INSURANCE BROKER One customer of a seasonal business was responsible for 80% of the company’s revenue. When it filed for bankruptcy protection the seasonal business owner was owed $1.6million. In this episode “From the Trenches” CreditAssur President Michelle Davy outlines how her industry connections forewarned her of the company’s plans to file for CCAA protection. She was able to help her client file their claim and get paid out long before before other suppliers were aware of the struggling company’s intentions to file for protection. Read the case study and watch or listen to […]

WHAT’S IN A NAME? EVERYTHING! When a receivables insurance/trade credit insurance policy holder submitted a seven figure claim it came to light that they had requested cover on the wrong company because of confusion with the company name. This From the Trenches episode of the TradeSecurely podcast outlines just how important it is to know your customer and verify their business name on all documentation. John Middleton, Vice President, Complex Risk at HUB International outlines how small differences in business names can lead to big problems when submitting an insurance claim. Read the case study and watch or listen to […]

How a decision to limit exposure on a well-known, 100 year old distribution and logistics company protected Coface clients from its 2023 bankruptcy.

During challenging economic times fraud can become more prevalent. On this edition of the TradeSecurely podcast our guests have both have seen an increase in fraudulent claims in the last 2 years in their roles in the receivables insurance industry. Ana Beites is a Senior Debt Services Manager, Special Risks – Insurance & Trade Guarantees at EDC […]

On this episode to the TradeSecurely podcast we discuss how to mitigate your risk and collect on your receivables in way that maintains the business relationship.