MINIMIZE THE COSTS OF CREDIT INSURANCE

FGI Risk Services’ T.R.U.S.T. program enables customers to minimize the indirect and direct costs of credit insurance.

FGI Risk's T.R.U.S.T. program has successfully worked with clients and insurance carriers to overturn coverage cancellations and denials, and return reduced limits back to previous levels.

Indirect Costs

Maintaining and managing a credit insurance policy requires considerable internal resources. Studies show that the average internal cost is approximately 45% of the cost of the annual premium.

FGI’s T.R.U.S.T. program eliminates most of the internal costs associated with managing a trade credit program. Activities like past due reporting, DCL compliance, coverage requests, appeals of cancellations, denials, and reductions of coverage, as well as limits management, are just some of the services FGI provides on behalf of its customers. A survey of over 250 customers currently active in FGI Risk’s T.R.U.S.T. program shows an approximate reduction of 85% in internal time and cost spent administering their policies

Direct Costs

Like any insurance program, Credit Insurance requires the insured to pay an annual premium for the benefits of the coverage. Due to the fact that each and every organization has a completely unique customer base, AR, products and services, credit insurance is unlike most other insurance products. The pricing is not standardized. As a result, the underwriting, structure, and pricing of credit insurance vary greatly among carriers.

With a global network of strategic relationships with all the major credit insurance providers and the expertise to assess credit insurance capacity availability, FGI Risk can obtain the best possible pricing for the desired coverage.

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• >> OPTIMIZE claims processing and payments

FGI Risk’s T.R.U.S.T. program is the only program in the industry designed to ensure that customers’ credit insurance programs are working for them. Find Out Why >>