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When considering the risk factors applicable to your business, trade receivables or trade debtors are often overlooked. If your company supplies goods or services on credit terms, your trade debtors will represent a high proportion of your company’s assets, often as much as 40%.
Insuring financial loss due to non payment by a customer, due to insolvency, receivership or appointment of an administrator, is known as Trade Credit Insurance (TCI).
The key benefits of trade credit include;
» Protection of all credit sales
» Restoration of cash and liquidity
» Assistance with credit management procedures
» Confidence to grow your business
» Assistance with debt collection
» Improved funding opportunities
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