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Credit Insurance, often referred to as Bad Debt Insurance, is a tool designed to protect your business against the risk of not getting paid when you trade on open credit payment terms. The policy can be tailored to cover your business from bad debt and other financial losses. Trade Credit Risk is a certified insurance brokers in Melbourne that provide you protection against insolvency of debtors including bankruptcy, deed of company arrangement, administrations, receiver manager and liquidations. Call - 03 9842 0986 to know More!TRANSCRIPT
Trade Credit RiskHave you been caught with a Bad Debt? Trade Credit Risk will provide the necessary specialist tools for your credit department to trade with confidence
www.tradecreditrisk.com.au/ Contact -0398420986
Every business owner understands the importance of cash flow for successful running of their enterprise. Credit insurance allows a business to maintain its cash flow at all times. When on the lookout for reliable insurance brokers in AU, Trade Credit Risk is the right choice. We are specialist credit insurance broker in the Australian marketplace and provide a range of products to meet the needs of all business owners.
Why Trade Credit Risk
A Cost Effective Way to Manage Your Cash
We live in the age of great economic uncertainty and thus, the need for trade credit insurance is more important. It is vital to protect the business from the biggest threat called bad debts. Bad debts can significantly harm your business especially when your business depends on a small number of customers for significant revenue. Also, when business expands the bad debts is also expected to increase. Bad debts account for those customers who are unwilling to pay your outstanding dues. Here, credit insurance helps your business by mitigating risk. Trade insurance in Australia protects your business against bad debts and when your customers covered by the agreement defaults.
Our Service – Credit Insurance Giving you Peace of Mind…
Debtors Insurance protects your accounts receivable ledger in the following events occurring;
Insolvency; which also includes Bankruptcy, Deed of company Arrangement, Administrations, Receiver Manager and Liquidations.Protracted Default or Non Payment; occurs when a debtor cannot be located, has skipped, a judgment has been obtained or non payment. All methods for collecting the outstanding debt must be exhausted and a waiting period applies depending on the Insurer.
Trade Credit Risk - Main benefits include;
Free Collection Service
All four Insurers will contribute 100% to the collection costs and a % of the legal costs depending on the Insurer wording and you will have the ability to pass trouble debtors onto their collection agency to collect on your behalf.
Confidence to grow your business
Your business can expand, knowing the cost of a bad debt is insured. You won’t need to worry about the size of your exposure levels and can take a competitive advantage, whilst others operate with uncertainty.
Protect your profits & cashflow
The proceeds of a credit insurance claim, injects cash back into your business. We can arrange a virtually unlimited cash reserve for the balance sheet as a tax deductible cost.
Strengthen Credit Management
We will analyse your credit limits and monitor your debtors on an ongoing basis. Having a third party investigate your accounts will allow you to trade with confidence knowing you have protection against a bad debt.
Credit Procedure Manual Development
50% OF COMPANIES IN AUSTRALIA DO NOT HAVE ANY FORMAL CREDIT PROCEDURES OR PROCESSES.
We will design a credit procedures manual based on the size of your business, credit limit exposures, industry and staffing levels. The manual will provide an efficient system and process for your Credit Department.
The procedure manual contains the criteria for the following process;
Credit ApplicationsTerms of Trade New/Existing Account Credit approval processes Chasing overdue accounts Facilitating appropriate re-payment plans for delinquent accounts Defining the levels of authorisation to approve higher credit limits Procedure for writing off losses and bad debts Reviewing credit limit exposure levels on all accounts General housekeeping rules
Trade Credit Risk Management & Bad Debt Insurance Services
Minimising the potential of having a bad debt
Our Risk Management Package is a tailored solution for small to medium or large multinational companies. We provide an external credit limit opinion service including monitor your existing debtors for adverse information and changes in their credit worthiness.TCR OFFERS THE FOLLOWING SERVICES
Debtor analysisOnline DatabasePayment DefaultsDaily debtor alertsRepayment Plan negotiationsRegular Credit Limit AuditsPre and Post Insolvency adviceEducation on all aspects of creditFull Data wash of all your debtorsVerbal advice on credit limits less than requestedVarious Mercantile reports (Australia & New Zealand)Industry approved Discretionary Limit justificationRisk Management advice regarding credit /debtor risks
Contact – Trade Credit Risk Pvt. Ltd
It is vital to select a reliable provider of credit insurance so as to get the best protection. We discuss about the unique needs of your business and accordingly work to offer most suitable insurance policy. We utilise our experience and knowledge in the insurance sector to help you make the right decision. Trade Credit Risk is the most reputable provider of innovative credit solutions that are tailored to the needs of the clients. For more information, please contact from the following methods.
www.tradecreditrisk.com.au
0398420986
Suite 8, 1010 Doncaster RoadDoncaster East, VictoriaMelbourne - 3109Australia
© 2015 Trade Credit Risk. All Rights Reserved. | Australian Financial Services Licence #: 422672