Perkins Slade provide unique support to new or "phoenix" companies in creating confidence with credit insurers, thus permitting their suppliers to insure the credit terms given to the new company. Such support avoids traditional difficulties arising from insufficient financial information. This service promotes profitability, growth and survival which might otherwise be at risk.
Companies see the benefit of supplier credit when negotiating with banks for borrowing requirements.
This service would be particularly advantageous to SME, middle market and large major groups affected in any of the following instances:
- Band new start up companies
- New management buy-out/buy-in
- Companies bought out of receivership or administration
Credit Insurance rates are dependant upon many factors but principally these are:
- Turnover - how much and to where
- Loss history - covering up to the last three years
- Buyer spread - principal buyers are important although exclusion of some can be considered
- Credit control - analysis of the system used may help and a more sophisticated and structured system can allow a reduction in price
- Trade sectors - some are more preferred than others
- Policy type - what level of self-insurance applies?
No two policies are the same and to ensure all of your needs are met, Perkins Slade's credit team will conduct a full review of your business and the credit insurance market before designing the most appropriate package.
To discuss your Credit Insurance needs with our experienced and expert team contact:
Sally Del Principe, credit division manager
Direct dial 0121 698 8029
Mobile 07969 999 822
Email s.delprincipe@perkins-slade.com
Darren Felsenstein, credit account executive
Direct dial 0121 698 8148
Mobile 07969 999 824
Email d.felsenstein@perkins-slade.com
Related pages: corporate insurance - sports insurance - private clients - professional indemnity - claims
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