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Access to key credit risk analysis from insurers on your client, their sector, and political risk gives invaluable insight to help avoid losses.
Credit insurance removes the credit risk from your balance sheet, which improves your margin and bolsters your P&L.
As potential losses are covered, you can reallocate excess bad debt provision as working capital.
Having credit insurance can increase your credit rating giving access to improved and more economical levels of finance.
You can use the debtor asset on your balance sheet to free up working capital by unitising invoice discounting or factoring.
Credit insurance can act as a cost-effective replacement for expensive bank guarantees and letters of credit.
As your shipments are covered, the fear of “not getting paid” is removed meaning you can offer extended payment terms to customers, giving you a competitive edge in your market.
Disciplines within a credit insurance policy support best practice and sound credit management processes, reinforcing and enhancing your existing procedures.
Support is available for setting credit limits on your customers and, in the event of a claim, the management of recoveries and salvage.
The enhanced credit management processes reinforced by credit insurance allow you to safely extend payment terms to customers in existing and new or developing markets.
Top or key account cover is available to support sales to specific or high-level margin markets.
Credit insurance provides investee companies with protection against bad debt from acquired or merged customer portfolios.
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