Credit Insurance – it’s no longer a luxury

The Association of British Insurers (ABI) has just published new figures showing that Trade Credit Insurers have paid out £4m in insurance claims every week last year – almost £210m.

With insolvencies in the UK on the increase – rising 12.6% on the previous year, the credit insurance market is growing. There are almost 12,000 policies in place, BUT that means there are a lot more businesses without protection. Are you one of them?

When your outstanding invoices can account for an average of 40% of your assets why would you not protect this, when you would insure your plant and machinery for example?

Credit insurance protects you against the insolvency or non-payment of invoices by your customers whether in the UK or abroad. Why not give us a call to speak to our experts who can find you the best protection available. You know it makes sense – 0845 180 1188.

Karen Hamilton