Trade Credit Insurance: Keep up with the big boys!
Most large companies have credit insurance to protect themselves against bad debt, whether its administrations or cash flow issues for their suppliers. When trying to grow your company why not copy the way large companies do it…they must be doing something right…surely?
We're not saying credit insurance is the sole reason companies grow but we are saying it can help as it takes a huge element of risk out of your business by paying out 90% of the amount owed to you. Large companies tend to have a whole turnover credit insurance policy as it is generally more cost effective than a single risk credit insurance policy as your entire portfolio is covered for the bad debt you don't expect and often it's the customers you think are a good risk that catches you out!
At CMR we pride ourselves on our knowledge and service and being Atradius' appointed representative (one of the largest credit insurers in the world), their A rated financial backing ensures claims are paid fully and promptly. Recovery action costs are also covered when you hold a credit insurance policy.
If you would value a call regarding how a credit insurance policy could help protect your profits from bad payers and liquidations, please call us on 020 8835 2587 or request a quick quote.
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