Universal Funding provides accounts receivable insurance which helps protect clients from unforeseen and unexpected potential losses due to their customers’ inability to pay. Accounts receivable insurance is a form of credit insurance offered by commercial insurers to businesses and can take the form of multi-buyer insurance (a pool of receivables) or key buyer insurance. Here is a brief explanation of accounts receivable insurance by Investopedia.
At Universal Funding, we assess the risk of your customers’ credit and payment cycles to determine a recommendation for accounts receivable insurance. This assessment is one of the added services we provide to all of our clients. If the assessment proves that your accounts would benefit having additional AR insurance, we work with a third party vendor to provide those services.