It is worth remembering that a sale is not a sale until the goods or services have been paid for.
Trade credit risk can be reduced significantly by using a credit insurance policy which is designed to protect one of a company’s largest assets; trade debtors.
If your customers fail to pay due to insolvency, protracted payment or an adverse political event, your cash flow will not suffer. We can arrange all policy types including:-
The highly experienced credit team at our sister company, S-Tech, brings value by understanding the diversity of options available from today’s credit market whilst recognising that your business is unique. We understand that you will need cover correctly tailored to meet your individual needs.
Since partnering with S-Tech over 10 years ago, we have received excellent account management with a proactive approach using intuitive knowledge of our business.
Credit insurance protects your business from financial loss incurred through a customer’s non-payment or insolvency It can also cover disputed debts and losses caused by political events around the world.
Credit insurance is available across all trade sectors and typically pays out 90% of lost revenue, provided you hold an insured limit from the underwriter. Options are available to cover one customer, all your customers or any multiple inbetween.
Credit insurance helps add discipline, structure and control to your credit management process. Here are some of the key benefits of having credit insurance in place:
No. Credit Insurance is not legally required – but it makes business sense as approx 30% of all business assets are tied up in credit.
Credit insurance protects your company against the failure of your customers to pay trade credit debts owed to you. These debts can arise following a customer becoming insolvent or failing to pay within the agreed terms and conditions
James has worked within insurance broking since 1999. He has worked for a variety of intermediaries, developing his skills, before joining Alan Boswell Group in…
Mike is a Chartered Insurance Practitioner with more than 30 years’ experience of working for both national and regional broking firms. Mike has considerable experience…
S-Tech Director Phil Thorpe explains why contract reviews are vital to ensuring your business has appropriate insurance coverage