FAQs
How much does it cost ?
The price of a Credit Insurance Policy can be little when compared with the cost of a bad debt !
Credit Insurance premium is calculated as a percentage of a company’s turnover. This can range from 0.1 to 1 per cent and can be dependent on a number of factors, such as:
- trading history,
- business sector in which you operate,
- companies on which cover is required, and
- spread of the risk you are insuring.
Given that the average level of bad debt experienced by companies is approximately 0.7 per cent of turnover, the majority of firms will find credit insurance to be highly cost-effective. This is even before taking into account the many additional benefits in the areas of sales development, risk management and finance, plus enhanced credit management.
Other Questions
What does credit insurance do for your company?
Who should take out credit insurance?
How long will it take before payment if a customer defaults?
Trade Credit Brokers
Registered in the Republic of Ireland No.199439
Office: 36 Fitzwilliam Street Upper, Dublin 2, Ireland
Tel: +353 1 678 9930 | Fax: +353 1 678 9941
Email: mail@tcbrokers.com
A member of IFG Group Plc
Trade Credit Brokers Limited is Authorised and Regulated by the Financial Regulator