credit insurance
Stay Ahead of Bad Debts with Trade Credit Insurance
Protect Your Business from Financial Loss
As a business owner, protecting your financial assets is crucial for long-term success. One of the largest assets your business carries is its debtor ledger. While maintaining rigorous credit management practices is essential, it is not always enough to prevent bad debts. That’s where trade credit insurance, also known as debtor insurance, comes into play.
Debtor insurance is the strongest form of bad debt protection, offering comprehensive coverage for your business. At Debtor Protect, we understand the importance of safeguarding your financial stability. With our credit insurance services, you can rest assured knowing that your business is protected from potential financial loss.
Protection Against Default and Insolvency
Request a consultation and learn how our tailored protection can support your business.
Assessing and Monitoring Financial Strength
When you opt for a credit insurance policy with Debtor Protect, we assist you in assessing and monitoring the financial strength of your customers. Leveraging both publicly available and private data to evaluate the creditworthiness of your clients. With a clear understanding of your customers' financial health, you can make informed decisions regarding credit limits and manage potential risks effectively.
Protection Against Default and Insolvency
Should a client continue to default on payments or become insolvent, your credit insurance policy acts as a safety net. In such cases, an insurer will pay a claim of up to 90% of the outstanding amount owed to you. This level of protection ensures that your business doesn't suffer a significant financial setback due to the actions or circumstances of your customers.
Assistance in Debt Recovery
In the event that a client becomes overdue in their payments, our team are ready to protect you. We provide assistance in pursuing accounts through legal and collection agent actions. The costs incurred during this process will be covered by your credit insurance policy. Minimising the impact of bad debts on your business's bottom line, ensuring you can focus on what you do best.
Partner with Debtor Protect
Debtor Protect is dedicated to supporting your business every step of the way. We strive to make your policy as comprehensive as possible, ensuring that you receive optimal coverage from your insurer. Our team works diligently to provide you with peace of mind, allowing you to focus on the growth and success of your business and protecting your bottom line.
Secure Your Business's Financial Future Today
Take the first step towards safeguarding your business from financial loss. Get in touch with our experts to discuss your credit insurance needs and receive a tailored solution for your business.
