Get protected against bad debts with bad debt insurance
Being left with a bad debt can have a major effect on your business – it could put pressure on your cash flow and in the worst cases lead to the financial failure of your company.
A trade credit insurance policy, often referred to as ‘bad debt insurance’ can protect your business against non payment or insolvency and can include your entire sales ledger or just your key customers, as well as customers overseas.
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How Bad Debt insurance can help you
Bad Debt insurance can help you manage the risk associated with new customers as well as any changes to your existing customers circumstances, which could result in them not being able to pay you.
40% of the value of a typical company’s balance sheet is made up of invoiced sales on the ledger!
– so it’s not difficult to see that a major default can have disastrous consequences.
Even with the most pro-active and forthright management systems, payment of your invoices is never guaranteed.
Credit Insurance / bad debt insurance acts as a safety net, protecting you from unforeseen losses.
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Who are we?
Evans are Insurance Brokers in Essex, specialising in bespoke Business and Landlords Insurance, as well as offering an excellent range of personal insurance policies such as Home Buildings and Contents, Travel and Motor Insurance.
Independent Insurance Brokers in Essex
We are independent insurance brokers, meaning we do not simply place all our business with one preferred insurer; this allows us to review your circumstances and negotiate with insurers to get you, the customer, the right insurance solution for you at a competitive price.
What do we do?
We arrange all kinds of commercial insurance for businesses all over the UK. Taking the time to get to know you, we then review your policies, looking not only at what you already have in place but also to identify areas that might need attention. You may be under insured in some areas, conversely you may be paying for cover you don’t need or worse still; cover you already have under another policy.
How are we different?
What makes us different from most brokers is we promise to do this work every year – many brokers will simply offer you the existing insurance company’s renewal quote when your policy reaches its first renewal, having had to work so hard the first time around to win you as a customer. We believe that to keep a customer happy, we must deliver the service we say we can deliver each and every year and be there for them whenever they need us throughout the year. This is where we excel.
We also have a dedicated claims department who will handle your claim and liaise with insurers on your behalf.
Our business is divided into three key areas:
- Public, Products & Employers Liability Insurance
- Credit / Bad Debt Insurance
- Professional Indemnity Insurance
- Tradesman & Construction Insurance
- Shop & Retail Insurance
- Motor Trade Insurance
- Working from Home Insurance
- Manufacturing Insurance
- Hotel & Leisure Insurance
- Transport, Haulage & Fleet Insurance
- Pub & Restaurant Insurance
- Directors and Officers Liability Insurance
What Clients Say;
I used Dan firstly for some personal PI insurance and was impressed, I then used him for my company insurance. Not only did he give a better price, but his levels of customer service are second to none! If you need any insurance you need to speak to Dan!
Call us on 01708 289 525 to discuss your insurance requirements, or complete the form below.
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So contact us today to discuss your Insurance requirements!
WE LOOK FORWARD TO BEING OF ASSISTANCE!