Credit Insurance

Many businesses operate with a book of debtors. What many companies don't realise is that rather than factoring debts, it is possible to take out insurance to ensure that a high percentage (normally about 90%) of those debts are met, if not by the debtor, then by the insurer. This has a twofold benefit to a business.

Firstly it enables you to safely plan for the future with a guaranteed income unencumbered by the worry of bad debts. Secondly it provides your sales ledger with a value which most banks will recognise, and lend money against. If your bank says No, then we will be happy to help you in the direction of one that wont. We can provide insurance for specific customers that cause you worry, or for your turnover as a whole.

Is Credit Insurance for you ? Well if you can answer yes to any two of the following, then Credit Insurance will benefit your company :

  1. Do you supply more than 5% to any one customer?
  2. Do you tend to restrict sales growth out of concern for bad debt?
  3. Is time wasted because you're chasing potential sales from potential
      customers that ultimately do not have the ability to pay?
  4. Would dredit insurance help your credit control procedures when 
      chasing difficult payers, knowing that you have the support of a large
      credit insurer who can assist with these difficult customers?
  5. Will your banker be more comfortable knowing you have Credit cover
  6. Will it help you sleep better knowing that your most important asset 
      is protected?