Credit insurance can help to reduce the financial impact should your customers’ default, offering you protection against bad debt.
It is a sad fact that the credit crunch and general economic downturn have increased the risk of company insolvencies and receivership.
With access to specialist insurers through the Willis Commercial Network, we can arrange credit insurance for your company, helping to protect you against bad debt, providing tailored cover at a very competitive rate.
Cover is flexible and can be used to insure specific areas of your customer base, such as export ledger, top accounts or even specific industries, providing a more cost-effective approach to insurance.
As well as absolving bad debt, having credit insurance in place also offers other advantages, making it easier to attract low cost finance and providing real-time analysis of your customers’ financial state.
In addition to credit insurance, it is recommended you look out for early warning signs identifying which of your customers is at risk, and we will be happy to talk this through with you.
To discuss your insurance requirements, please speak to a member of our Commercial Team on 01992 703 001.