Credit insurance protects your company against the failure of your customer to pay their trade credit debts owed to you. These debts that can arise as a result of that customer becoming insolvent or failing to pay within agreed terms and conditions
In the midst of a global recessionary climate, with increasing insolvencies throughout the UK and Worldwide and the tightening of credit across the board, credit management is more important than ever for your business’ success.
- A reduction in bad debt provisions. –Allows your business to release capital back into the business for expansion, recruitment or more equipment.
- Better Risk Prevention– Our Insurer market works an ‘early warning ‘ system for potential issues
- Greater Access to Finance– You will become a lower risk to Banks and other investors
- Sales – Credit intelligence arms your business with a database to target new customers and monitor existing customers to make sure they are not heading into trouble
- Whole Turnover
- Specific Account Credit
- Key Accounts