FinSurance Redefines Risk Management for Small and Mid – Sized Businesses

SCOTTSDALE, Ariz. December 11, 2024–(BUSINESS WIRE)–FinSurance Group Services, a leading underwriter specializing exclusively in trade credit insurance, announced today the launch of its program tailored to US-based Small and Medium Enterprises (SMEs). Designed to protect accounts receivable and enhance financial flexibility, this offering addresses the unique needs of businesses operating on open account terms with annual revenues starting at $100,000.

“Our mission is to simplify trade credit insurance for small and medium business owners and their financial partners while demonstrating its potential as a tool for both risk protection and business expansion.”

This solution provides US SMEs with critical protection against non-payment risks while unlocking opportunities to access working capital and fuel growth. By redefining trade credit insurance as both a risk mitigation tool and a growth enabler, FinSurance empowers businesses to operate with confidence in an increasingly complex economic environment.

“SMEs are the backbone of the US economy, yet they are frequently left behind when it comes to specialized insurance solutions,” said David Waldorf, President & Chief Commercial Officer of FinSurance Group Services. “Our mission is to simplify trade credit insurance for small and medium business owners and their financial partners while demonstrating its potential as a tool for both risk protection and business expansion.”

FinSurance is also offering single invoice, single buyer insurance, specifically designed for the unique needs of SMEs. This targeted coverage allows small and medium-sized businesses to protect individual transactions or specific customer relationships, offering flexibility and focused risk management. By covering high-value invoices or strategically important buyers, SMEs can confidently pursue opportunities that might otherwise carry unacceptable levels of risk. As one of the only single invoice, single buyer insurance solutions on the market, FinSurance is ideal for SMEs exploring new markets, testing partnerships, or managing cash flow with precision.

​​Trade credit insurance offers SMEs vital protection against the risks of customer non-payment due to insolvency, late payments, or unforeseen challenges. This coverage helps safeguard cash flow, ensuring businesses can maintain financial stability even in uncertain conditions. For SMEs, trade credit insurance also enables growth by allowing them to extend credit terms to customers and enter new markets with reduced risk. Insured receivables quite often are viewed as stronger collateral by lenders, enhancing access to financing and supporting their business expansion.

FinSurance differentiates itself by offering a fully digital approach to trade credit insurance – streamlining end-to-end digitization from application to policy issuance and collection of premium – yielding valuable savings for small businesses. The reduction in manual processes allows FinSurance to issue quotes with minimum premiums as low as $1,250. This technology-driven model is tailored to the needs of SME clients, eliminating cumbersome paperwork and delays often associated with traditional insurance processes. With advanced digital tools, FinSurance ensures quicker decision-making, real-time policy updates, and seamless communication, enabling businesses to focus on growth instead of administrative tasks.

For more information about FinSurance trade credit insurance for SMEs, visit this website.

About FinSurance Group Services

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 to reinforce what has traditionally been viewed as “protection” by educating the industry on Accounts Receivable insurance as a clear path to increase working capital through receivable financing.

FinSurance is powered by Mission Underwriters who provide the capital, technology and operational resources to help entrepreneurial underwriters launch their own program administrator.