Whole Turnover Cover
This policy covers trade credit 'sales' to all customers (unless specifically excluded) subject to small deductables in the form of excess, either a minimum retention, threshold or first loss.
The policy protects against non-payment of credit accounts either through bankruptcy, insolvency or protracted default.
Credit limits can be set for individual customers based on the maximum balance that remains outstanding at any one time. In certain circumstances, reference to previous trading or your own judgement of future sales will set the limit. These limits can be amended quickly should you suddenly be presented with a large order.
A credit insurance policy is also a complete credit management package. Most credit insurers allow clients to obtain instant credit checks on potential customers online. With a click of a mouse new customers can be added to your policy.
Also available from most insurers is a debt collection service, whereby the insurer will collect the debt on your behalf after a set period of time has elapsed.
For further information or a quote, please contact:
Adrian Cooper
01223 445428