Bad debts. An increasing commercial reality!
In today\'s turbulent economic climate there is no better time to consider protecting your business. The effects of the recent "recession" have reduced the levels of credit previously available to businesses. As a result of this your debtors will take longer to pay you and may ultimately not pay at all leaving you with a bad debt. DEBTPROTECT can help avoid this happening to you!
As a CREDIT INSURANCE SPECIALIST we are here to help. We will assess your business needs and arrange appropriate insurance cover if required.
“When I decided against taking out credit insurance on some of my customers, it was a decision which ended up costing me nearly everything I owned. My advice to small and medium sized businesses, particularly in these tough conditions, is to tighten up on your financial controls, check your customer’s credit rating, always agree terms in writing, invoice promptly, never be afraid to chase late payments and take out insurance!”
Peter Jones - Dragon\'s Den & Entrepreneur
Do not delay! Contact DEBTPROTECT today so we can explain
how we can help your business!
DEBTPROTECT is a specialist broker which is authorised and regulated by the Financial Services Authority. We have agencies with all the leading underwriters and we can approach the entire market on your behalf saving you a great deal of time. The credit insurance market offers many differing products, which are continuously evolving, updated and replaced. As a specialist it is our job to understand and keep pace with all such developments so that you, our client, is fully aware of the options available and the benefits that each policy offers. With the knowledge and experience we have, we can help you to obtain the most competitive premium and cover for your business.
Please do call us to learn more.
'; subTextContent[2] = 'DEBTPROTECT arranges Credit Insurance cover to protect their clients against the unpleasant and distressing effects that result due to suffering bad debts. Bad Debts can seriously affect your cash flow and profitability which ultimately could lead to the insolvency of your business.
There are also many additional benefits of credit insuring your business which may not seem apparent. For example the credit insurers we have access to provide information on companies that is unique, and this information is continuously being updated. Therefore the insurers have access to much more information on which they can assess the credit worthiness of any company. The protection which Credit Insurance offers helps to ensure that a business remains profitable and is in a position to grow with confidence. By having a credit insurance policy in place the insurer may be able to offer cover in excess of what you may be prepared to offer to your client uninsured. Therefore this demonstrates that by using Credit Insurance it can be an effective business strategy as it allows you to increase you trade on credit without increasing the risk. The specialist credit insurers we work with provide a complete service by offering a debt collection and legal service for all of their insured clients. All of these features will complement your existing credit management procedures and place you in a stronger and more confident trading position.
Using our services we can arrange many types of Credit Insurance policies depending on your specific business requirements. The policy will be tailored to meet the requirements of your industry and your business needs. Whether you want to credit insure your entire customer base or just require Credit Insurance to cover your export debts, Debt Protect is ideally placed to negotiate a Credit Insurance policy that is right for you.
In summary, Credit Insurance not only protects you against bad debts and gives you access to unrivalled company information as well as being an effective tool for business growth, but it also includes a debt recovery facility and legal service for your insured clients.Finally, if you use our services to obtain a quote, Debt Protect does not commit you to taking out a policy with us. So please contact us now if you would like to learn more about how Credit Insurance can benefit your business!
'; subTextContent[3] = 'Credit Insurance will provide your business with protection against bad debts whether your clients are domestic or abroad. Your business could face a bad debt as a result of your client\'s insolvency or payment default. DEBTPROTECT can help arrange cover for your business indemnifying you up to 95% for your loss which in most cases will cover a significant percentage of your profit margin.
We can arrange the following types of cover - whole turnover domestic cover, export cover or combined cover as well as single risk cover. We can arrange domestic policies that cover commercial risk and export policies that also include political risk. Commercial Risk Insurance covers non payment of debts due to Insolvency or Protracted Default (failure to pay for goods or services provided in accordance with a contract). Political Risk insurance cover includes cover in the situations where the actions of government cause the payment failure. Examples include Public buyer default, Export restrictions, Import restrictions, Political events, Foreign currency shortages or restrictions, Inconvertibility, Contract termination, or Contract frustration. All the policies we can arrange via the insurers can be assigned to an invoice discounter or factoring arrangement. We can also help to arrange such a facility, if you require, from one of our many contacts in the market place.
Please call us now to learn more about Credit Insurance and the protection it can provide your business.
'; subTextContent[4] = 'We offer a personal and professional service ensuring we obtain the very best levels of cover and the most competitive terms whilst providing you with our ongoing support whenever required. We will work with you to negotiate with the insurer the premium, the structure of the policy and the credit limit cover you need. This is not just during the sales process, but also on an ongoing basis throughout the life of the policy. We will be representing you and will ensure that claims are paid and that the highest level of cover is available for your clients. You will also be appointed a dedicated consultant as your personal contact who will meet with you whenever required as we understand the importance of customer service. Finally there is no cost to you in using our services what so ever.
Please call us to learn more about what we can offer your business.
'; subTextContent[5] = 'The cost of a policy depends on a number of factors. For an indication of cost simply contact us by phone, email or by completing our quick quote form. For a formal indication of terms we need a completed proposal form which can be downloaded from our website or alternatively you can speak to one of our consultants who would be glad to take the necessary information from you.
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