The cost of a ‘bad debt’ should be treated much more than simply the loss of money owed. The truth is, one can never make up for the cost of a bad debt. The impact can put stress on cash flow and will damage a company’s bottom line. What would be the consequences of one of your largest customers failing to pay?
The value of the debtors’ ledger (money owed) is one of the largest assets of a business and yet it is often not insured. Other business assets are normally insured, yet the risk to a business of customer insolvency is one of the most volatile exposures.
Export and Political Risk
With more than 700 brokerages across the globe, UnisonSteadfast has the strength of the largest insurance broking network. UnisonSteadfast offers a lot of bargaining power within the industry to tailor policies and provide unique solutions for their clients.
The Trade Credit Insurance Network by UnisonSteadfast are specialist trade credit insurance brokers in partnership with your general UnisonSteadfast brokers. Together we can design a customised policy that protects your business from non-payment.