What is Credit Insurance and What Does It Do?
Updated: May 25, 2022
What is Credit Insurance and What Does It Do ?
Credit Insurance is a contract with a Specialist Insurer who agrees to Pay a Company Following Non-Payment of an Invoice after a pre-agreed Waiting Period (Protracted Default) or following the Bankruptcy or Insolvency of the other party.
Credit Insurance will Pay for a Loss from Pre-Agreed Parties. Insurers usually require the Insured Retain part of the Loss for their own risk.
Insurers can offer several types of Policy including Single Contract, Named Buyers or Suppliers, Whole Turnover or Excess of Loss. The Policies can be used as part of your Enterprise Risk Management and are recognised by Banks and Alternate Financiers as Risk Mitigants enabling lending as an alternate to secured borrowing or with Letters of Credit, Bonds or Guarantees.
We have 35+ Years Experience Risk Consulting, Structuring and Insurance Broking for Companies Buying, Supplying or Trading Worldwide. We give an Independent and personal service with Specialist Insurers which includes Claims and Recoveries for our clients. We are a FCA approved Authorised Representative of Lloyds Broker Bellwood Prestbury.
Trade Credit Insurance is a proven product which can include losses from Default, Political Risks and Supply Chain breaks, Insurers Pay Losses every year in the USD Millions.
We Can Help You so call +447979801237 for a Confidential and Free Initial Chat or check www.Holtarka.com for more information.
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