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Credit Insurance
As Towergate includes both insurance broking arms and specialist underwriting agencies, we are ideally qualified to advise you and arrange credit insurance that suits your business needs.
Why choose Towergate?
Credit management and risk analysis.
The specialists at Towergate can assist with many aspects of credit management and risk analysis.
Peace of mind
Our credit insurance provides protection of debtor items, profit and cashflow.
Protection for shareholders
Credit insurance policies provides protection for shareholders against loss of profits.
Risk assessments with credit insurance
We can offer assistance with risk assessments on customers and markets.
Credit insurance that works for you
We appreciate that credit is vital to trade for small and medium sized businesses but increasingly difficult to secure in tough economic conditions. So, our approach is to give you access to a broad range of insurance products at a time when many of our competitors are withdrawing from supporting this aspect of the market.
About credit insurance
Count on the expert team at Towergate to arrange Credit Insurance for your business with benefits that include:
Peace of mind – protection of debtor item, profit and cashflow.
Improved access to finance.
Protection for shareholders against loss profits.
Balance sheet protection.
Assistance with risk assessment on customers and markets.
More effective sales targeting.
Enhanced credit control procedures.
Reduction in bad debt reserve.
Ready to get covered?
- Get a quote online
- Purchase your policy
- Relax - You're covered!
Credit Insurances FAQ
Suffering a bad debt can cause a business to fail, so credit insurance is well worth considering if you sell a product or service to businesses on credit terms. For instance, if your profit margin is 5% and you suffer a £25,000 bad debt, you will need to increase sales by £500,000 just to recoup the lost profit from that bad debt.
Credit insurance articles
22/01/2024
Five Insurance Products to Protect Your Small Business
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The Impact of Working From Home on Your Business’ Office Insurance
Where and how your employees fulfil their roles also has an impact on your office insurance requirements.
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What Small Business Grants Are Available in the UK?
Find out what small business grants are available in the UK and how to apply in our handy guide.
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Threats to Small Businesses and Their Impact
Small businesses (SMEs) currently make up an impressive 99.9% of the UK’s business population. But with 20% of SMEs failing in the first year and 60% failing in the first three - it’s clear they face a myriad of threats.
Read more21/08/2023
Rebranding Your Business
Rebranding your business can help you to connect with a wider audience and attract new customers. If your business’ products and services have evolved since its inception, it can also be a way to realign your brand’s identity with your business as it stands today.
Read more
02/08/2024
Can I Get Business Liability Insurance Before Registering My Business?
Business insurance is important to consider in order to protect your business assets and operations. This kind of insurance can act as a safety net against unexpected risks.
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