Sooner or later your business will suffer a bad debt. A customer who can't or won't pay can cause short and long term damage. First, the short-term pain of coping with reduced cash-flow. Next the aftershocks as you are forced to pay your suppliers late damaging your relations with them and incurring late payment interest.

Consider too your bank's reaction. Just when you need their support you begin to face tighter borrowing restrictions, spiralling into an even deeper cash-flow crisis.

You could be forced to borrow elsewhere on exorbitant terms. Cost cutting brings greater misery as you lay off loyal staff whose skills you really need to make a full recovery.

In the worst case, where the bad debt is large it could spell insolvency proceedings. A credit insurance policy provides a safety net that protects you against any or all of these scenarios.

Essentially this will cover a businesses entire turnover - wherever it may be trading - and can include political risks. However it can also cover your business key accounts or exceptional losses.

Credit insurance can cover for a range of key business credit management problems.

If you would like more information about credit insurance and how it could help your business please complete the on-line form and we will contact you.

Last updated: 12 Jan 2011

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