Credit Insurance or Debtor insurance is the protection against non-payment of a company’s receivables. In today’s environment companies both small and large face many challenges; from increased competition, lower margins, higher costs, recessionary economic conditions, unpredictable changes in government policies and management errors. This can mean a company can fall into bankruptcy with very little warning. Prasidium saw a gap in the market for expert advice on how companies can better structure and save money on their credit insurance program. Along with this we want to smash the misconceptions around the product and highlight the many benefits to a credit insurance policy other than risk transfer.
With over 60 years combined experience in negotiating and managing trade credit insurance policies, we are highly skilled in policy wordings, explaining and identifying compliance issues which would jeopardise a claim, simplifying a credit insurance policy and structuring the right cover for you. Priding ourselves on service, integrity, innovative policies, and competitive premiums, we ensure each company has the relevant insurance cover and risk management strategy in place to protect your hard earned profits and assist with trade growth. You can be confident of receiving the best advice available.