Trade Credit Insurance a product offered by PrestGroup:
Trade Credit Insurance protects your business against sudden or unexpected customer payment default due to protracted default, business rescue and insolvency. Credit Insurance gives you the confidence to extend credit to new customers and also improve access to funding, often at more competitive rates. Trade Credit Insurance is applicable to short-term credit extended to your debtors and covers both the sale of goods as well as services rendered on credit terms.
Why does your company need Credit Insurance?
- Expert assessment of payment risks (debtors) – local and international.
- Protection against non-payment and preservation of cash flow.
- Provision of consistent underwriting decisions.
- The ability to explore and develop new markets in different industries and/or countries.
- Access to expert advice on collection techniques.
- Lower legal costs through a network of legal practitioners and collection services.
- Assistance with Business Rescue procedures as well as liquidations.
- Enhancing your access to finance by providing additional security for financial institutions.
