What exactly does Credit Insurance cover?

2022-11-25T10:23:48+00:00

Credit Insurance covers non-payment of invoices due to: Insolvency - administration/liquidation or similar insolvency events Protracted Default - the failure to pay within contractual terms of payment Political Risk - the failure to pay due to political events in the buyer's country

What exactly does Credit Insurance cover?2022-11-25T10:23:48+00:00

What is Credit Insurance?

2022-11-15T15:19:35+00:00

Credit Insurance is a business-to-business insurance product that offers protection against unpaid invoices due to a customer's failure to pay for products and/ or services provided to them on credit terms.

What is Credit Insurance?2022-11-15T15:19:35+00:00

How can I get a Credit Insurance policy?

2022-11-25T10:47:48+00:00

As a specialist Credit Insurance broker, we offer non-binding quotes upon request. Contact us or complete the questionnaire for the type of credit insurance you require: Whole Turnover, Multi-Buyer, Single Buyer or Single or Multiple Invoice Insurance Once we have the information needed to obtain quotes from all the insurer we will approach the market on your behalf [...]

How can I get a Credit Insurance policy?2022-11-25T10:47:48+00:00

I have more than one business. Can I insure them all?

2022-11-15T15:24:41+00:00

Yes, you can. One business will be the "Lead Insured" and the other/s will be "Joint Insured/s". If all companies trade with the same buyer/s you will need to ensure you have a credit limit high enough to cover all exposure.

I have more than one business. Can I insure them all?2022-11-15T15:24:41+00:00

I am already insured but can’t get cover on some customers. What can I do?

2022-11-15T14:31:00+00:00

Some insurers have a facility whereby you can purchase additional cover in the event of them not willing to insure a buyer to the full extent. If this is not available with your current insurer you may be eligible to "Top Up" your existing cover with another insurer. You can get a Top Up quote here. [...]

I am already insured but can’t get cover on some customers. What can I do?2022-11-15T14:31:00+00:00

Does Credit Insurance cover VAT?

2022-11-15T15:37:14+00:00

No. In the event of a bad debt, you will submit a claim for the outstanding Net Debt and claim VAT back from the Government via Bad Debt Relief here.

Does Credit Insurance cover VAT?2022-11-15T15:37:14+00:00

How does a Credit Insurance policy work?

2022-11-15T15:37:23+00:00

First of all, you make sure you have a credit limit on your customer by one of two ways: 1 - by applying to the insurer for the amount of cover you need or 2 - by setting your own Discretionary Credit Limit by using your previous trading experience or a credit report from an [...]

How does a Credit Insurance policy work?2022-11-15T15:37:23+00:00
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