What is Business Credit Insurance?
Credit insurance protects businesses against the risks of bad debt by safeguarding your cash flow against debtor insolvency or protracted default.
In the event an invoice becomes aged or a customer enters insolvency proceedings, the credit insurance company will ensure that you get paid for any goods or services you have supplied, subject to a designated credit limit.
Whilst facilities can be provided by credit insurance companies as a standalone product, bad debt protection can also be incorporated into an invoice finance facility, which will additionally advance up to 90% of an invoice’s value within 24 hours of its issue.
As a specialist commercial finance broker, Hilton-Baird Financial Solutions can introduce the most suitable credit insurance solution for your business’s requirements.