The Benefits

You know the cost up front and can budget for the cost of the premium

You won’t be caught with a major bad debt that exceeds your provisions, that would directly affect your bottom line profit

The underwriters evaluate each debtor and monitor their financial position and credit worthiness on an ongoing basis

Credit Insurance can expand your sales. Credit Insurance can be used as a marketing tool to increase sales to customers where you may not be prepared to extend a high level of credit. Credit Insurance allows you to do this with confidence

The premium is a tax-deductible and can be factored into the cost of running the business

The policy may be assigned to your bank by way of additional security, which can enhance your ability to borrow

You are kept informed of any known potential problems with your customer

Claims are paid within 30 days of receipt of Confirmation of the Debt from the liquidators

Credit Insurance preserves your cash flow