Credit Insurance

HWH provides independent insurance advice and solutions

HWH are ‘Trade Credit Insurance specialists. With our experience and long-standing insurer relationships we work with our clients to provide comprehensive Trade Credit Insurance solutions.

 

Trade Credit insurance’ safeguards a business against the failure of its customers to pay their trade credit debts.

 

“In the course of a year the average company will lose more than 3 of its active customers because of financial distress, insolvency, administration or receivership”. – Source – CMRC

 

Trade debtors can be the largest asset a company holds on its balance sheet and like the other tangible assets, it is a very wise decision to insurance this asset, protecting the business’s cashflow and profits.

 

Why Insure?

Protection: Remove bad debts from the business equation, maintaining cash flow, profitability and protect budgets.

Customer Profiling: Establish appropriate Credit limits based on current customer financial positions.

Access to Finance: Trade Credit Insurance cover can be used as security to facilitate finance from banks.

Optional Debt Collection service: so you can carry on running your business whilst your bad debts are being chased by you insurer.

 

Below are the characteristics of companies that would benefit from Credit insurance:-

  • Previous experience of bad debts
  • Companies looking to Expand/diversify or that export.
  • Companies that use funding e.g. Invoice discounting or debt factoring
  • Concentration of risk with high credit exposures on several key accounts
About HWH Associates Ltd

HWH is built on a foundation of integrity and a clear belief that the client comes first…

Contact us today on 01626 682248

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