Not only does credit insurance provide cover in the event of a bad debt, it also reduces the level of bad debts incurred. Companies with credit insurance incur fewer bad debts than those without. This is achieved both by providing excellent credit intelligence and also by empowering insured suppliers to collect debts more assertively.
May 2010 Bulletin
The insolvency statistics released on Friday 7th May show a decrease in compulsory liquidations and creditors’ voluntary liquidations by 8.4% on the previous quarter and by 17.8% on the same quarter a year ago. So can we say that these figures, coupled with the recent GDP figures showing growth in the UK economy of 0.2% for Q1 2010 show that the recession is now ov....
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