Playing your Trump card with Credit Insurance
Since Donald Trump has confounded the doubters and clinched the Republican Party nomination and now running neck and neck with Hillary Clinton to become the President of USA, it has got us at CMR wondering how this could affect trade with the US if this were to happen. Could the wall building stop at Mexico or could he build a wall right through the Atlantic Ocean! Probably not, but either way his opinionated stance on many issues such as immigration could involve some costly "solutions"…where will this money come from?
Our thoughts…
We believe to keep the US public happy they may turn to increasing taxes on imports, thus affecting trade with USA. What would happen if trade was reduced with the US? A solution would be to target new countries, which would be riskier as you are unlikely to know if the companies in these countries will pay. This is where credit insurance comes in!
Business credit insurance is the solution!
A well run export credit insurance policy from one of the credit insurance companies in the UK can help give you the confidence to grow by insuring the risk of your potential new client not paying. Credit insurers don't just insure export markets they can also insure your UK sales too.
What is credit insurance?
Our credit insurance policies pay out up to 90% of commercial losses (i.e. debtors are unable to make payment or fall into administration) and up to 95% of losses if political events make payment impossible to collect.
If you would like to find out more how trade credit insurance can prevent you from seeing a profitable year turn into a loss making one please contact us on 020 8835 2587 or to receive a credit insurance quote click here.