Think of your business’ biggest asset and what comes to mind? The answer will vary from director to director. Is it your staff? Your reputation and contacts? Your expertise? Your brand? All of those asset types are undeniably vital, but are they really your biggest asset? Your balance sheet may tell a different story.

Typically up to 40 per cent of a company’s assets consist of the money owed to them by their customers. Such figures emphasize how vulnerable even financially healthy companies can be to late payment and bad debt, which can seriously erode profitability and liquidity. If almost half a company’s assets are tied up in money owed, trouble is inevitable if there is any delay in the settlement of invoices.

Credit Insurance can provide vital protection from the financial disruption of bad debt, replacing a large proportion of the cash lost and ensuring a smooth cash flow.

Cover is available against the risk of Insolvency, Protracted Default and Political risk for sales made in both the UK and overseas. But credit insurance is about more than pure bad debt protection and it can provide credit intelligence on existing and potential customers, through the use of insurer on-line systems, information on changing market conditions and debt collection in both UK and overseas markets.

Policies can be structured to meet the needs of your business, based on the following types:

Specialist policies are also available in specific trade sectors such as Construction and Recruitment

For a quotation or more detailed information please complete the relevant form or contact us.