Credit Insurance

Business Credit & Debtors Insurance Services

Giving you Peace of Mind…

Debtors Insurance protects your accounts receivable ledger in the following events occurring;

• Insolvency; which also includes Bankruptcy, Deed of company Arrangement, Administrations, Receiver Manager and Liquidations.
• Protracted Default or Non Payment; occurs when a debtor cannot be located, has skipped, a judgment has been obtained or non payment. All methods for collecting the outstanding debt must be exhausted and a waiting period applies depending on the Insurer.

Main benefits include;

• Free Collection Service

All four Insurers will contribute 100% to the collection costs and a % of the legal costs depending on the Insurer wording and you will have the ability to pass trouble debtors onto their collection agency to collect on your behalf.

• Confidence to grow your business

Your business can expand, knowing the cost of a bad debt is insured. You won’t need to worry about the size of your exposure levels and can take a competitive advantage, whilst others operate with uncertainty.

•  Protect your profits and cashflow

The proceeds of a credit insurance claim, injects cash back into your business. We can arrange a virtually unlimited cash reserve for the balance sheet as a tax deductible cost.

•  Strengthen Credit Management

We will analyse your credit limits and monitor your debtors on an ongoing basis. Having a third party investigate your accounts will allow you to trade with confidence knowing you have protection against a bad debt.

• Added Security To Banks

Insuring your debtors’ ledger provides another source of security to bankers and or financiers.