Success Stories

Improved credit insurance renewal secured for engineering business

Improved credit insurance renewal secured for engineering business

Hilton-Baird Financial Solutions has helped an engineering company secure a more competitive and suitable credit insurance policy that provides an improved level of cover against the risk of customer insolvency.

With their existing policy coming up for renewal, our client wanted to benchmark their policy against the wider market. While doing so is good practice, they were especially keen to on this occasion given a lot of limits had decreased or been removed entirely during the previous six months, and they felt that their current provider’s level of service had deteriorated.

Our team’s introductions led to a more competitive offer from their existing insurer that provided an improved level of cover, resulting in our client renewing with them but on terms far more suited to their business.

A client-first approach

Our client supplies bespoke metal fabrication and fitting to the construction, retail and wholesale sectors, and recognised the importance of credit insurance in protecting their cash flow from the risk of debtor insolvency and late payment.

They were keen to find an expert to support them through the process, so turned to Hilton-Baird. Having been in regular contact with our team for more than five years, they recognised the value we could add as an independent broker.

Our focus is on introducing the most suitable options for our clients – whether in sourcing a new finance facility or credit insurance policy. So, in addition to putting forward proposals that delivered on price, cover and individual debtor limits, we also spoke to the existing insurer to secure a much more competitive renewal that offered an improved level of cover.

Upon reviewing the options available, we gave an honest assessment that the revised policy put forward by their existing provider represented the best value, and our client is now benefiting from the most suitable policy for their requirements.

If your credit insurance policy is due to renew soon, you’d like to discuss the benefits of credit insurance or you would like to explore the range of funding options available to your business, please call our team on 0800 9774833 or request a call back.

Some of the funders we work with

  • Clear Factor
  • Regency Factors
  • Team Factors
  • Time Finance
  • Barclays
  • Merchant Money
  • Woodsford Tradebridge
  • Leumi ABL
  • Royal Bank of Scotland
  • Close Brothers Invoice Finance
  • ABN AMRO Commercial Finance
  • Santander Corporate & Commercial
  • Berkeley Trade Finance Ltd
  • eCapital Commercial Finance
  • Optimum Finance
  • 4Syte
  • Sonovate
  • InvoCap
  • Haydock Finance Ltd
  • Pulse Cashflow Finance
  • Blazehill Capital
  • Kriya
  • Cynergy Business Finance
  • Giant
  • Nationwide Finance
  • Lloyds Bank Commercial Finance
  • IGF Invoice Finance
  • Accelerated Payments
  • Davenham Asset Finance
  • Investec
  • Skipton Business Finance
  • Praetura Invoice Finance
  • Ultimate Finance Group
  • Metro Bank SME Finance
  • MaxCap
  • Peak Cashflow
  • Aldermore Invoice Finance
  • Tradeplus24
  • Castlebridge
  • Partnership Invoice Finance
  • Roma Finance
  • PNC Business Credit
  • Davenham Trade Finance

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders