Waldorf Trade Risk Introduces Accounts Receivable Insurance for Small & Medium Enterprises

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Nov 19, 2014, 02:40 ET

STAMFORD, Conn., Nov. 19, 2014 /PRNewswire/ -- Waldorf Trade Risk, a specialized insurance broker, today announced it is focusing exclusively on Accounts Receivable Insurance (ARI) for U.S. small and medium enterprises (SMEs). By insuring against commercial and political risks, SMEs can now gain marketing leverage once reserved for large exporters: the ability to extend open-account terms for a wider range of opportunities. Waldorf Trade Risk provides its policies through Liberty International Underwriters, part of Liberty Mutual Insurance, a Fortune 100 company doing business in 30 countries.

"This policy fills an unserved need: protecting SMEs from potentially catastrophic losses on their accounts receivables and covering the risks inherent with doing business on open account terms, a major obstacle to growth," said David Waldorf, Waldorf Trade Risk CEO and Founder. "Now, with their receivables insured, they can readily offer open-account terms to existing and new customers on business they might have previously declined."

SMEs can now confidently grow their business by protecting their accounts receivables from non-payment or late payment due to:

Commercial risks (customer insolvency, bankruptcy, protected default, continued delinquency or inability to pay)
Political risks (currency inconvertibility, exchange transfer risk, import/export embargo or license cancellation)

Waldorf Trade Risk's ARI also improves the insured's ability to grow through potentially obtaining more favorable rates on working capital financing. Moreover, with the added security of having their receivables covered they may be able to increase their advance rate on operating lines of credit to 70% – 90%.

This non-cancellable coverage is backed by an online, streamlined process for quotes, applications and underwriting with real-time approval. As further assurance, Liberty International Underwriters provides clients with expert support during the collection process.

Headquartered in Stamford, Conn., Waldorf Trade Risk is a brokerage whose executives have over 75 years of successful insurance experience.

For more information, please visit www.WaldorfTradeRisk.com/ARI or call 844-WTR-RISK.

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SOURCE Waldorf Trade Risk