Company Insurance Tips
If your write-off over three years amounted, in total, to 2.1% of any one year of your turnover, you would have been better off paying for and having three years cover for credit insurance You can have UK Domestic Cover or/and full Export Cover You can insure against the customer refusing to accept goods you have manufactured If any one/few customer/s of yours has a significant percentage of your turnover you need to use credit insurance If your customer enters into a Company Voluntary Arrangement to trade out of debt, all suppliers, bar those with credit insurance, will have to wait some time for payment You can complete a sale over the agreed limit, but you will suffer the loss above that insured - totally flexible You can insure a single sale or a series of sales You can insure against consequential loss, caused by a supplier being unable, through insolvency, to fulfil their contractual obligations with you Credit insurance companies have almost unparalleled information on foreign country's, and their involvement with you can in its self ensure sound business trades - if a credit insurer advises you not to complete a sale, you don't! Your involvement with a credit insurer (as with a factoring company) will improve your credit management ability, and should provide you with safe, steady and profitable growth For a full listing of articles on BizHelp24 visit our sitemap | 
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