The risk of debtor insolvency is an inherent part of owning a business. Your business may be better equipped to survive such losses by purchasing a trade credit insurance policy.
Trade credit insurance, or credit insurance, provides your business with protection against the failure of your customers to pay their debts and substantial delays in receiving their payments. What may seem catastrophic at first is completely bearable with adequate trade credit cover.
One of your largest assets is your balance sheet and bad debt could have a significant effect on your company’s financial health. Credit insurance is a cost effective way to alleviate this risk and provide some comfort as the economy recovers and companies begin to experience growth again.
We have the experience to give you an objective opinion on whether a credit insurance policy could work for you. If you were previously credit insured, now is a good time to revisit the product as Insurers try to grow their market share again having lost significant business during the downturn. Insurers are providing new products with enhanced cover, automatic credit limits and competitive pricing.
Benefits of credit insurance
- Peace of mind
- Qualified information on existing and potential customers
- Creates the opportunity to get credit insurance backed trade finance
- Enhanced credit control
- Targeted sales
- Early warning system
- Reduced bad debt reserving
- Confidence to export
- Fraud detection
To find out more about our Services please contact our team today on T. +44 (0) 204 505 3573 or fill out the form below: