We specialise in helping our clients manage the potentially disastrous effect that can occur as a result of exposure to bad debts. However, many do not fully appreciate the other benefits provided by Trade Credit Insurance cover.
Insolvency, default and political events can affect your creditors overnight as we have seen as an all too familiar event in recent months. This is why it is so important to work with specialists who know and have access to the whole market and can give you an objective assessment of your risks and arrange cover, most appropriate for your needs.
Oval has a team dedicated to providing the highest standard of advice, supported by effective, ongoing service delivery to ensure that the credit insurance products we arrange respond as they are meant to.
Our commitment to service and providing products that react to our customers needs is one of the reasons we secured the title of Trade Credit Insurance Broker of the year in November 2007 from the Association of British Insurers.
Credit insurance should be a product that gives access to the following benefits:
- Protection of working capital and profitability by minimising exposure to a loss, resulting from Insolvency or default.
- Provides access to unique information, which is continually updated and generally otherwise not publicly available, which can help to minimise risk.
- Supports or can drive the credit management function.
- Provides security to financial institutions and can support the negotiation of finance facilities.
- Gives access to integrated collection services which can be invaluable in the recovery and loss control processes when problems are encountered.
- A tool which can be used to help a company grow its sales with greater confidence.
We will happily guide you through the Credit Insurance review process which commits you to nothing. By working closely with you, our intention will be to provide you with a product that is best suited to your requirements and this we commit to review regularly, as your business needs change.