There are a number of factors, completely out of your control, which could cause your customers to become insolvent or unable to pay within the agreed credit agreement. Credit insurance ensures you get paid even if your customers default. The cover is especially important if your business exports goods, where a wide range of political risks could impact on payment.

Credit Insurance isn’t just about protecting against losses from existing customers. As companies look for new customers, credit insurers can assist by offering information on the credit worthiness of new contacts, helping you avoid the poor risks.

It can also make you a more attractive prospect to lenders by demonstrating you have reduced your exposure to risk. If your customers’ debt is insured, banks are more likely to have confidence to lend to you, enabling you to access finance.

To speak to a member of the Boswell Aftermarket team regarding your credit insurance, please contact 01603 727645