How business credit insurance helps
Credit insurance protects businesses against the risks of bad debt by safeguarding cash flow against the threat of debtor insolvency or protracted default.
In the event an invoice becomes aged or a customer enters insolvency proceedings, credit insurance companies 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 companies and policies for your business’s requirements.