Manage risk cost-effectively
A considerable amount of your assets could be linked to trade debtors. These tie up capital and restrict your cash flow.
For example, if your business has a profit margin of 10% and sells GBP50,000 of goods to a customer on credit terms who becomes insolvent, then you will need to sell a further GBP500,000 of additional product to recoup your loss.
CoverCredit insurance can help you secure the risk on your assets and acts as a safety net if things go wrong – paying you up to 90% of the loss.