How Do You Protect Payments for Sales and Services?
Updated: Oct 18, 2022
How Do You Protect Payments for Sales and Services?
If you are a Company, Financier or Service Provider you can be protected from Non-Payment or Default or Insolvency/Bankruptcy of the other party. We at Holtarka work across many sectors have and with 35+ years Award Winning Experience of advising, guiding and arranging Trade Credit Insurance for our clients Worldwide.
A Contract is Signed and Agreed the Work is Done How Can You Ensure Payment ?
Pre-payment
Bank Letter of Credit or Guarantee
Forfaiting/Discounting of Invoice
Trade Credit Insurance
If pre-payment is not available and you do not wish to discount your contract then Trade Credit Insurance can be bought direct from Specialist Insurers or Export Credit Agencies at no additional cost through Professional Insurance Brokers, being Independent from Insurers. The type of coverage and your ability to access the most appropriate Non-Payment Policy varies by Company and Sector.
We at Holtarka work with new and existing Trade Credit Insurance Buyers so they are protected from Non-Payment or Default or Insolvency/Bankruptcy of the other party . We will act as your Independent Agent accessing different Specialist Insurers Worldwide. We are a FCA regulated Authorised Representative of Lloyds Broker Bellwood Prestbury (www.bellwoodprestbury.com )
7 Key Items of Information required for each application:-
Your Company details including your Business Activity and Audited Accounts;
Sales Terms to customers - how and when you get paid;
Payment history with customers and any Payment Losses;
Which Companies you wish to be included with their full details;
Maximum Measured Exposure at any one time to each Buyer/Supplier;
Estimated Sales Volume/Turnover;
Limit/Sum Insured sought and Insurance Policy Period.
The information will be with your sales or accounting team so it is at your fingertips. If you would like a Free and Confidential Review of How How to Protect Your Payments for Sales and Services give us a call on +447979801237 or check our website for more information www.holtarka.com
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#BusinessInsurance #ProfitProtection #BuyerorSupplierdefault
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