Insurance Risk Management Solutions for Companies & Homeowners

Accounts Receivable Insurance Coverage in DFW

So, what would happen if you were unable to collect on those previously agreed-upon payment agreements? Should your earnings suffer significantly? How much of your day-to-day revenue is focused on contracts? There are several questions to answer before deciding if the company will benefit from Accounts Receivable Insurance coverage.

Accounts Receivable Insurance (also known as AR Insurance) is a simple, safe, and low-cost policy that covers the corporation from nonpayment for goods or services.

Tower Street Insurance & Risk Management will assist you in protecting yourself from nonpayment. We will assist you with protecting the accounts receivable, whether the nonpayment be due to insolvency or a customer's failure or unwillingness to pay under the terms of a contract.

You can find our service at Allen, Austin, Dallas, Plano, San Antonio, Southlake, Westlake and surrounding areas. 

Call us at 972-472-2040 to know more about our service with free estimates!

What Is the Process of Receivables Insurance?

Accounts receivable policy usually protects you from one or more of the following potential dangers or risks:

You will be able to pick which consumers you wish to cover against when you first apply for the accounts receivable insurance policy. However, you must send all of your accounts receivable reports to the insurance provider in order for them to get a good view of what the company is doing and to avoid false claims.

Some of the information you’ll need to submit to the company includes:

When designing your contract, you can even determine how much of the payout you wish to insure. The bigger the percentage you insure, the lower your claim payout, so you'll still have to pay a higher fee for more coverage.

If you have a deficit, accounts receivable protection has reasonably large coverage. For instance, if you miss your accounts receivable records, this coverage will cover the expense of replacing those records, and the cost of recruiting a company that specializes in data recovery and collection. It will also cover interest payments on any loans taken out to compensate for missed profits from uncollected accounts receivable.

Why is Accounts Receivable Insurance a Good Investment Decision?

Accounts receivable insurance is part of an intelligent business plan because it: 

Trust on Tower Street Insurance & Risk Management for Accounts Receivable Insurance

For several years, Tower Street Insurance & Risk Management has been popular in DFW and surrounding areas. We have more than 150  collective years of experience in insurance field and around 5.5K written policies.

We have commercial insurance coverages for directors & officers, workers’ compensation, cyber liability, personal and commercial risk management service and client advocacy. Call us today at 972-472-2040 or contact online to know the reviews from our satisfied customers.

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Reviews from Our Satisfied Customers

I love Tower Street and receive the best service from them! They are reliable, caring, and always supportive. Can’t recommend them enough!

- Abby

Chris is a great insurance advisor. He has extensive knowledge of markets, coverages, and risk. I highly recommend him. I wish I had more business to send him.

- Larry

Ashleigh provides a high level of expertise, competency and personal service to all of her clients. You would be crazy not to use Ashleigh for your personal insurance needs.

- Marc

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