A comprehensive trade credit insurance policy can provide an essential safety net for your business if you rely on selling goods or services to your customers on credit terms. By protecting against the risk of non-payment, it enables you to manage your cash flow more effectively and focus on growing your business without worrying about financial losses due to non-payment from your customer.
We appreciate that your biggest asset is likely to be your trade debtor book and we take a robust approach to getting you the right protection.
As a specialist broker, Verlingue places Credit Insurance policies for businesses spanning a broad spectrum of industries. From start-ups to businesses with turnover in excess of £1 billion, we design solutions to protect you.
Bonds and Guarantees are required to underpin contractual performance on price, quality and timescale. These guarantees have historically been provided by a company’s own bankers, but have an adverse effect on a company’s banking lines affecting reducing working capital and frequently have to be totally cash covered.
Insurance surety companies can provide exactly the same guarantees without the need for cash cover leaving banking line free to run the business on a day to day basis.
Type of Bonds
Performance
Either Conditional or On Demand.
Conditional Bonds guarantee price, quality and time scale as laid out in the contract.
On Demand can be called on for any reason.
