Credit insurance provides companies with cover for trade debts in the event of debtors being unable to pay through insolvency or default. Providing goods or services on credit terms inevitably incurs some degree of credit risk - credit insurance provides a solutions to managing that risk.
There are other benefits to credit insurance which may be more important.
There is more to credit insurance than simple "risk transfer" - it is probably the only insurance product that can generate a profit without you ever needing to make a claim.
August 2010 Bulletin
The figures released by the Insolvency Service on Friday 6th August for the second quarter 2010 show an increase in corporate insolvencies of 0.5% of the previous quarter and a decrease of 19.1% on the same quarter a year ago. What do these....
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