About
WE ARE FINSURANCE
Simplify Accounts Receivable Insurance
FinSurance Group Services is an Accounts Receivable (also known as Trade Credit Insurance or Credit Risk Insurance) insurance underwriter focused exclusively on this specialty class of insurance.
FinSurance works through licensed insurance agents and brokers as well as special small business affinity groups. FinSurance aims to simplify Accounts Receivable insurance for small-to-mid-sized business owners, commercial lenders and factoring firms and reinforce what has traditionally been viewed as “protection” by educating the industry on Accounts Receivable insurance as a clear way to increase working capital through receivable financing.
Enhance Accounts Receivable
FinSurance is the only insurance underwriter offering Accounts Receivable insurance exclusively to the U.S. Small and Medium Enterprise (SME) market. Our program is meant to enhance the accounts receivable collateral offered by companies that are seeking increased capital or lower risk for asset-based lenders.
Our Mission
“Our mission is to build a profitable insurance provider that provides superior solutions to our clients through technical expertise, underwriting experience, and consistently exceptional service.”
Protecting your Greatest Asset
Our proprietary online platform and algorithms have transformed a historically complicated financial matter into an easy-to-understand, real-time application process that can boost your credit and may lead to lower interest rates, while protecting your greatest asset.
FAQ
When accounts receivable are insured, insured companies can seek to borrow more against them, and often on more favorable terms. This allows companies to potentially access more capital from lenders to grow and expand their business. Use our Capital Boost Calculator to see what it could mean for you and your insureds’ businesses.
Accounts Receivable Insurance benefits B2B companies looking to increase their advance rate on operating lines of credit to 70% – 90% and those who want to do more business on open account terms. It can even help companies looking for first time loans. Finsurance offers Accounts Receivable Insurance through licensed insurance agencies for companies with eligible annual revenues as low as $100,000.
Coverage applies to non-payment or late payment from domestic and international customers. We offer three policy options to our customers.
Domestic: For companies who only have or only wish to insure their B2B receivables in the US and Canada.
Export: For companies who only have or only wish to insure their B2B receivables in countries other than the US and Canada.
Global: For companies who wish to insure all of their B2B receivables.
In all cases we strive to insure the amounts requested for cover, but each is individually underwritten and may result in less cover approved than the requested amounts.
Policies typically have a non-qualifying loss limit or an aggregate deductible.
Finsurance policies and scheduled Buyer Limits are non-cancelable for the one-year term of the policy. Coverage amounts cannot be canceled or reduced during the policy term.
Premiums can be paid by ACH or Credit Card up front offered by ePayPolicy and are tax deductible.
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