Rest assured with comprehensive bad debt protection
Credit insurance protects businesses against the risk of non-payment by customers for goods or services sold on credit. It ensures that if a customer defaults, the insurer covers a portion or the entire amount owed, helping to maintain cash flow and avoid financial loss.
Credit insurance is particularly valuable for businesses operating on credit terms or dealing with high-value transactions, where unpaid invoices could severely impact finances.
Business of all sizes and sectors should consider this cover for the following reasons:
Cash Flow Stability: Ensures income continuity even if a customer fails to pay, protecting against significant cash flow disruptions.
Risk Management: Shields the business from potential losses due to customer insolvency or delayed payments.
Enhanced Financing Options: Lenders are more likely to provide financing if receivables are insured, as this reduces their risk.
Customer Insights: Many credit insurers offer customer creditworthiness assessments, helping businesses make informed sales decisions.
Credit insurance can safeguard a company’s financial health, especially in uncertain economic times, and Champion Insurance Group have access to a wide panel of specialist insurers to ensure your business is adequately protected.
To speak to a member of our team please call 03330 430 430 between the hours of 9am & 5pm, Monday to Friday.
Or, if you prefer please complete your details here and we’ll get back to you as soon as we can.