What is Credit Insurance?
Credit insurance gives business owners peace of mind to grow their business whilst removing the risk of non-payment through insolvency. An insurer will provide limits for all customers and if that customer falls into liquidation, the outstanding invoices to that customer are covered through the insurance.
The benefits of taking credit insurance
Ultimately, the policy is there to quickly replace money lost through bad debt.
Improve profitability by safely increasing your exposure to more customers.
We help in securing finance which improves banking relationships and access to finance.
It facilitates expansion with security and allows you to deal confidently with new clients and increase credit lines to existing ones.
It complements and enhances existing credit control procedures to improve Days Sales Outstanding’s.
What does it cost?
The cost of credit insurance is usually charged as a % of turnover.
The percentage is based upon a forecast when the policy is taken out and then the premium is paid monthly throughout the year.
How does it work?
How can we help?
There are lots of factors when considering credit insurance – the two key ones are the limits you get and the premium cost.
Each provider will take a different view on a debtor and for that reason it is important that you shop around to get the best limits possible, at the best price. Some lenders include the cost for credit checking within the premium and others add that to the premium so it is important to know which provider does what to get the best deal! Having access to the whole of the market, we can get you the very best deal out there and save you the time and hassle of searching each provider.
We find the best insurer for you, at no cost to you
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