Bad debts can happen unexpectedly at any time and for many reasons: a customer may become insolvent and go into administration or they may be unable to pay you because of poor cash flow. These bad debts don’t just hit your bottom line and knock you off track from achieving your growth ambitions. They can dramatically affect the health of your company - impact your cash flow and your ability to pay bills; damage capital investment programmes; and, worst case, even result in your company’s insolvency.
Trade Credit insurance is a proven way of managing your bad debt risk:
In addition, Trade Credit insurance has been shown to:
In partnership with our sister company, Specialist Risk Insurance Solutions, we have drafted a guide to dispel myths about Trade Credit insurance, explaining how the insurance works, the different types of policies available, and exploring the benefits of this cover. It’s essential reading for small or medium enterprises (SMEs), large, or international businesses that supply goods or services on credit terms.
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