Credit
Managing cash flow and getting credit from your suppliers can be
essential, but giving credit to your customers can be risky.
At TL Risk Solutions, we help our clients to manage and offset
credit risks, thereby maximising cash flow. We also provide
insurance to support funding and working capital. Our support is
across five main areas: credit insurance, political risks, risk
management, surety bonding, and covers to support corporate finance
transactions.
Our philosophy is to help you to do business, and we work to
ensure that we can provide a broad range of insolvency and payment
risk-based products to support this aim. Our consultants have an
in-depth knowledge of this specialist UK insurance market, and
bring a wealth of experience in risk management advice. We offer
policy design and advice, an experienced claims support service and
negotiation on individual covers, including advice on the credit
risk assessment of your customers. For larger businesses, we can
help to manage self-funded insurance schemes, and provide claims
and loss management services.
InvoiceProtect - Credit Insurance for Small Businesses
One of the most valuable assets in your business is your sales
ledger; invoices you have issued for goods and services you have
completed. Credit insurance provides protection for invoices you
have issued against customers defaulting on payment.
Up until now it has proven extremely difficult to get credit
insurance for SME companies in the UK due to the complexity of
underwriting and the high premiums involved. Invoice Protect has
now been launched in the UK to help give SMEs protection of their
most valuable asset in a simple and cost effective manner.
The Real Cost of a Bad Debt In a company operating with a gross
profit margin of 6%, a £10,000 bad debt will cost £166,667 in
additional sales just to recoup the loss of profits. In the current
economic climate can any SME company afford to take this risk?
Find out more about this valuable
protection, or if you wish to apply for cover.