The government has introduced a trade credit insurance cover scheme to reduce companies’ risk exposure to debtors during the recession.
If your insurers have cut your credit cover you can top it up for six months as part of the Government’s trade credit insurance scheme announced in last month’s Budget.
The scheme became available at the start of this month (May). It only lasts until 31 December. It should be available through your existing insurers but will have an additional cost – 2% of the value of the cover. Typically, credit insurance costs companies less than 1%.
If your insurers have cut your credit cover you can top it up for six months as part of the Government’s trade credit insurance scheme announced in last month’s Budget.
The scheme became available at the start of this month (May). It only lasts until 31 December. It should be available through your existing insurers but will have an additional cost – 2% of the value of the cover. Typically, credit insurance costs companies less than 1%.