PROTECTING YOUR
RECEIVABLES

GET IN TOUCH

No matter your business sector or size, credit insurance gives you the confidence to continue business as usual. By monitoring risks and providing a safety net when things go wrong, it protects future trading.

WHY YOU NEED CREDIT INSURANCE…

Debtor item

Many businesses will have over 40% of current assets in the debtor item on the balance sheet. Other assets will probably be insured but you should consider the receivables.

Concentration

Does your customer profile fit the ’80/20′ rule? Often the turnover from the top 20% of customers makes up at least 80% of the total. Contemplate what might happen if a major customer failed.

Profit margin

Think about how much extra turnover it would take to replace the lost profit from one sizeable bad debt.

GET IN TOUCH

Finance

Cover can be assigned to a bank or other lender and can improve the terms of a finance facility.

Information

You may have access to status information, but credit insurers have increased levels of information, often more up to date, on which to base their decisions.

CAN WE HELP?

CLICK HERE

Credit Risk Management,
Northumberland House,
Northumberland Street,
Huddersfield, HD1 1DT

01484 820050

crm@creditriskmanagement.co.uk

Follow us on LinkedIn

ALL CONTACT DETAILS