Why you need credit insurance

Let’s start with a basic definition. Credit insurance is an insurance taken out by businesses to protect against bad debt. Now that’s out of the way and you know exactly what it is, we can get onto how it can help your company grow. The necessity for credit insurance is far greater than many business owners realise. The fact that it protects generally your largest asset, your debtors, is just the start of the benefits you gain from a credit insurance policy.

CMR’s Managed Credit Insurance Policy Types

The credit insurance industry, like many industries, is growing and evolving and we at CMR are ensuring that we are at the front of these changes. With the backing of our very supportive credit insurance underwriter, Atradius, we are offering more flexible credit insurance policy solutions all with the aim of protecting your company with a credit insurance policy that suits you.

Credit Insurance: Fraud spotting tips part 2!

Buyer impersonations are becoming more common! As the name suggests, this type of fraud is where a fraudster impersonates an established creditworthy company by placing orders in their name but then requesting it’s delivered to a rogue trading address or they offer to pick up the goods themselves. The supplier would, as normal invoice the legitimate company only to be informed that they didn’t order the goods.

Credit Insurance: The Business Rates Risk

Many business owners in England will now be aware of the business rates increasing and how this increased cost will mean that they will have to increase their revenues to cover the additional overhead.  An obvious thing to say but it’s true, if your costs go up, your prices will have to go up too. The shadow business secretary, Rebecca Long-Bailey, has announced that small businesses should be offered more emergency help.

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