Virtually all businesses face the problem of not being paid and in the current economic downturn the risk of default is substantially increased. Cash flow and liquidity are key to the continuation of trading in these tough times. Organisations that hold concentration with large risk exposures, conduct a large proportion of business with only a few clients, or export to emerging markets, can be harder hit.
Marsh’s Trade Credit practice understands that different organisations will have different needs in managing credit risk. Our award winning team can develop solutions tailored to clients’ specific credit exposures. These insurance solutions will support existing overdraft facilities or assist negotiation of additional funding through financial institutions.
We can advise on the various trade credit insurance products such as:
- whole turnover
- top customer cover
- transactional and single risk policies
- catastrophe
- captives and group schemes
- medium term risks
Marsh has launched a specialised SME product, CoverCredit, specifically to support this area of British business.
Marsh works extensively with underwriters to expand market capacity and develop improved trade credit practices. Our trade credit risk management consultancy service can provide you a unique opportunity to review your credit risks, credit control policies and procedures and risk mitigation processes with our experienced and professional team.