Are you extending credit to your customers?
Do late payments and defaults put a strain on your cash flow and hinder your business expansion?
Imagine a world where you can confidently trade with your customers, knowing that your invoices will be paid, regardless of unforeseen circumstances. Trade Credit Insurance provides you with just that peace of mind, enabling you to focus on what you do best – growing your business.
Key Benefits of Trade Credit Insurance
Reduce exposure to customer non-payment
Don't let the fear of non-payment hold you back. With Trade Credit Insurance, you can safeguard your business from non-payment or delayed payment risks. Credit Insurance coverage ensures that you receive a significant portion of the outstanding debt, even in the event of customer insolvency or protracted default.
Protect short-term cash flow
Cash flow is the lifeblood of any business. Trade Credit Insurance acts as a safety net, ensuring a steady inflow of cash by promptly compensating for unpaid invoices. You can confidently invest in your operations, take advantage of growth opportunities, and maintain a healthy financial position.
Gain access to critical information
As part of your Trade Credit Insurance policy, you will get access to valuable insights into your customers' creditworthiness. Insurer constantly monitor market trends, financial stability, and industry risks, allowing you to make informed decisions when extending credit. Stay one step ahead and mitigate potential risks before they impact your business.
Expand your sales horizons
Trade Credit Insurance empowers you to explore new markets and trade with previously untested customers. By reducing the risk of non-payment, you can confidently pursue international trade and diversify your customer base. Unleash your business's potential and increase revenue without compromising on security.
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As a supplier to the building industry, we are at the end of the line when it comes to payment, which can often be delayed if a builder suffers financial risk. Trade Credit Insurance keeps us both trading.
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Not only does this help us make better decisions about extending credit, it also means we’re alerted practically immediately if there are any problems - if a new customer is not approved, this sets off alarm bells for us and we can investigate whether there are any suitable solutions.
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Some of the invoices we put through are worth hundreds of thousands of pounds, so one big loss could take us down. You just can’t have a situation where the business is at risk – it has to be insured against the unexpected.