Exporting can be a great opportunity to develop new customers and increase profits. However, trading internationally presents extra risks and challenges. You can’t eliminate these risks altogether, but you can manage and minimise them. Credit insurance aims to protect your business in the event that a customer should fail to pay for goods or services supplied.
A new service is being launched by Manchester based Bridge Insurance for UK SME Exporters that could help with the financing of export sales. Until now the Credit Insurance options covering exports for small and medium sized companies have been somewhere between unattractive and unobtainable.
ExportSure Credit Insurance will enable companies to evaluate the creditworthiness of new overseas accounts, enjoy local collections support for slow payers and plug the gap caused by a bad debt. Importantly, the policy can also be used as security for banks and other lenders â€“ which may help to raise the additional working capital required. If risk and financing are a barrier to growing your export business then please find out more about this innovative new service.
Bridge Insurance Brokers established in 1970, are one of the North Westâ€™s largest independent corporate insurance brokers and risk advisers. You can contact them directly to discuss your export credit insurance needs by emailing : email@example.com or just call the International Trade Services Team at Freedom Freephone 0800 012 4369