Simply put, it is the insurance of your debtors. An insurance policy is issued, covering your domestic or international debtors if you are an exporter. We investigate each of your debtors and issue cover against payment default by them.
Trade Credit insurance is a powerful business tool and your company will immediately benefit in the following ways :
- Banks are likely to offer you more extensive credit facilities on more favorable terms if your debtors are credit insured
- Credit insurance gives you the absolute confidence to explore higher risk business opportunities you would normally avoid for fear of non payment
- It protects your cash flow by replacing cash promptly, should any customer's insolvency or payment default occur
So why take unnecessary risks when for a nominal fee, bad debt can be eliminated. By simply insuring your debtor's payment risk with Credit Guarantee, you will be secure in the knowledge that you'll always be paid.