credit insurance

D

dingdong

Registered User
Messages
85
Hi

Was looking advice on credit insurance. We are looking to get credit insurance for our order book, each individual order is approx 5000 - 15000 euro, with turnover of 800,000 -90% of customer are currently getting credit which is getting to be high risk. Our customers are 80% Irish, 20% UK

Can anyone advise on which company to go with or idea on percentage/ or cost.

Thanks
 

Are you producing goods or re-selling them (manufacturer or distributor)?
 
There are 3 major Credit Insurance companies, Euler Hermes, Coface and Atradius. Cost depends on the profile of your customers, but should be less than 0.2% on average. Be warned, the Credit Insurance companies have become very conservative as a result of the Credit Crunch and have withdrawn cover for many customers, so it may not be worth it at the moment. See links below for recent UK pree article:
www.telegraph.co.uk/finance/yourbusiness/3417443/Trade-credit-insurance-withdrawal-
[broken link removed]
 
see also yesterdays guardian very major household names have had their credit insurance cancelled by the insurers
 
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