The credit crunch and general economic downturn have increased the risk of bad debt for many companies, resulting in a need for bespoke credit insurance.
With access to specialist insurers through the Willis Commercial Network, we can arrange tailored credit insurance for your company, at highly competitive rates, helping to provide protection should your customers default on their debts.
Cover is flexible and you may find it more cost-effective to insure specific areas of your business against bad debt, such as your export ledger, top accounts or even specific industries.
As well as absolving your bad debts, credit insurance also provides other benefits, making it easier to attract lower cost finance and offer credit to new customers, and enabling you to analyse in real time the financial state of your existing customers.
As well as credit insurance, we recommend you look out for early warning signs that certain customers are at risk financially, and we will be happy to talk this through with you.
To discuss your insurance requirements, please speak to a member of our Business Insurance Team on 01992 703 001.