Get Trade Credit Insurance Application

Completing the trade credit insurance application online is a straightforward process that ensures your business is protected against potential credit risks. This guide will walk you through each section of the application step-by-step, making it easy for you to provide the necessary information and submit your form successfully.

Follow the steps to complete your online application.

1. Click ‘Get Form’ button to access the application and open it in your preferred online editor.
2. In the applicant information section, provide the legal name of your business, address (including city, province, and postal code), website, and contact details, such as contact name, title, and telephone number. Also, indicate your insurance brokerage and broker's name.
3. In the business description section, specify the nature of your business by selecting one of the options (manufacturer, wholesaler, importer, contractor, or other). Include details about the products and/or services you wish to insure and the year your business was established.
4. Indicate whether you are presently insured. If yes, provide the insurer's name and any relevant details. Additionally, confirm if you purchase political risk insurance coverage.
5. In the coverage required section, select the policy currency (CAD, USD, or EUR) and outline the terms of sale. Indicate whether you require coverage for pre-delivery or work in progress risk, and provide the maximum production period and sales percentage needing pre-shipment coverage.
6. Complete the accounts receivable analysis section by filling in the current accounts receivable balance, the date, and the average number of days sales outstanding. Summarize the accounts receivable balance across different overdue ranges and list any buyers that are 60 days past due.
7. In the forecast section, estimate sales for the coming 12 months by providing the sales forecast (in dollars) for various countries, ensuring to exclude sales to affiliates.
8. For the three-year sales and bad debt history section, enter sales numbers for the current year and the last three years. Provide information on bad debts and any unusual write-offs that were not caused by insolvency.
9. In the buyer analysis section, describe the buyer profile of your active customers along with their outstanding balances and major buyers by credit limit size.
10. Finally, complete the signature and declaration section. Sign, print your name, provide your title, and date the application. Ensure you have read and understood the important notices provided.
11. After reviewing all entered information for accuracy, save your changes, and then choose to download, print, or share the completed form as needed.

Complete your trade credit insurance application online today to safeguard your business.