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.
At Prasidium we want to make the process as easy as possible. Click below for a Credit Insurance quote.
Credit Insurance or debtor insurance protects you against loss due to insolvency or non-payment from one of your customers, taking the risk out of trading on credit.
Looking to expand or need to improve company cash-flow? Explore the benefits of an asset finance solution for your business today and see how a credit insurance policy can support this.
How well do you know your customer? Want further tools to get paid faster? Prefer an online credit application? Find out how better credit management can save on credit insurance costs.