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.
Key Benefits:
- 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
Options:
- Whole Turnover
- Specific Account Credit
- Key Accounts
- Catastrophe
