Monday, 5 January 2009


Credit Insurance for the New Year?


What is Credit Insurance?
The consequences of one of your customers becoming insolvent and you suffering a bad debt can have serious financial impact on your business. Credit insurance companies not only advise you on who it is safe to deal with on credit terms and up to what level, but also in the event of your customer becoming insolvent, or you suffering protracted non-payment , they typically indemnify you for 90% to 95% of the amount of loss, depending on the cause of that loss, but this percentage is negotiable in many cases as you can chose to take on more of the risk.
Other Benefits of Credit Insurance
There are numerous other benefits of taking Credit Insurance from one of the many Credit Insurance Companies amongst Yellow Brick Roads' connections. One of our providers has 160 offices in 40 countries and 4,000 experts in all aspect s of credit management. This global network has constantly updated information on over 52 million companies worldwide. Their expert risk underwriters, who will be based in or near your customer’s home country use that information to establish an advisable line of credit and to alert you to any changes that may affect that cover.

Many Credit Insurance companies also seek to recover the amount of your loss, and contribute to the cost of that recovery in proportion to their liability for the loss. To help recover the loss the major Credit Insurers have a worldwide network of collectors, lawyers and insolvency practitioners each well versed in local law.
What does Credit Insurance cost?
This will vary widely on a case by case basis. For ballpark figures you can expect to pay between 0.1% to 0.6% but these figures will change with the economic situation.
Why use Yellow Brick Road?
Yellow Brick Road works effortlessly for its clients. It has connections within leading Credit Insurance Companies as well as specialist brokers.


Yellow Brick Road Consulting Limited
13 Jubilee Lane
Farnham
Surrey
GU10 4SZ

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