If you trade or sell goods on a credit basis, you’re at risk of bad debt or non-payment by customers. This can disrupt your cashflow and leave you out of pocket.
All registered businesses that sell goods and services on credit terms, such as 30 days to pay, should consider trade credit insurance. This includes businesses that trade domestically and internationally.
Some trade credit insurance policies also offer the bonus of working with designated collection agencies to help you recover your debts – taking the pressure off this difficult and time-consuming process.
Trade Credit is also a great tool that can help your business:
Protect and improve your “cash-flow”
Enhance your balance sheet, optimise working capital and reduce the cost of finance
Increase your sales and profitability
Improve and strengthen your credit control and management procedures
Let our team at ASCOT help you with a Review of your business needs and adequacy of a Trade Credit policy.