What is Credit Insurance?
How Does Credit Insurance Work?
Credit Insurance protects businesses from bad debt caused by a customer's insolvency or payment default. It safeguards cash flow. So should the worst happen and non-payment occurs credit insurance will replace the cash, safeguarding the future of the company.
Credit Insurance ensures that your company is not adversely affected by the unforeseen failure of one or more of your customers; it is also a tool to help you manage your risks.
- Access to credit expertise and market knowledge from a worldwide leader in credit insurance
- Effective, professional assessment of the financial situation of your customers
- Indemnification of your unpaid debts
- Global debt collection services available worldwide for debt recovery
Trade Credit Insurance White Paper
Unlocking Global Growth
This white paper explains how trade credit insurance works and provides tips for successful implementation.
Top-performing manufacturers know they need to look beyond their existing customers to remain competitive. Slow growth in mature markets and pricing pressures are key reasons why manufacturers must consider a global strategy, according to KPMG’s 2016 Manufacturing Outlook.
WHAT IS THE IMPACT OF AN UNPAID INVOICE ON YOUR TURNOVER?
25% of bankruptcies are due to unpaid invoices
You grant payment terms to your customers every day. And because it’s a routine way of doing business, you may not be thinking about the risk you’re taking.
But what happens when a customer defaults? When a business closes down? When a government suddenly forbids transfer of payments or declares a devaluation?
You might have never experienced any of these situations before, but you ought to know that 25% of bankruptcies are due to unpaid invoices.
How much of your total assets do unpaid invoices represent – and merit protecting?
AND YOU ? DO YOU KNOW THE IMPACT OF AN UNPAID INVOICE?