Grow your business and trade with confidence
Credit insurance helps reduce uncertainty when dealing with new prospects, moving into new markets or territories, and extending credit to existing customers. It provides a safety-net against unforeseen losses or a distressed economic period.
Reduce exposure to customer non-payment risk
Credit insurance facilitates access to customer intelligence, that can provide an early warning of potential default. Also allows you to identify high risk customers and reduce exposure or focus credit management attention.
Protect short-term cash flow
Credit insurance replaces money lost through customer non-payment, enabling your business to continue trading normally.
For example, a company with 5% net margins that suffers a £100,000 loss needs to add £2million of new revenue to make up for the lost capital. By purchasing credit insurance, a company can efficiently protect its balance sheet and working capital.
Manage long-term profitability
Combined with existing credit control measures, credit insurance provides consistent Risk Management approach and robust debt collection process, ensuring that your business’s lifeblood is protected.
Protects the bottom line
Growing your customer base involves risk, but credit insurance helps mitigate that exposure while you drive for greater profitability.
Improve access to trade finance
Banks and other lenders are reassured by the protection credit insurance offers, which improves access to finance.
Flexible and adaptable
Credit insurance is flexible and provides cover for different sizes of business in different industry sectors. At Xenia we have specialism in export and different industry sectors.
If competitors can’t take the risk of open credit terms, your business will seem more attractive to customers because it can safely do so.
The protection and intelligence provided by a credit insurance policy can help your company adapt to market needs more quickly.