TABMA Trade Credit Insurance - Program launches in Victoria

This month saw IMC Trade Credit Solutions and TABMA (Timber and Building Materials Association) launch their successful Trade Credit Insurance programme into Victoria, meaning it is now available to members nationally. 

The programme is designed and managed by IMC and offers completely unique benefits that are not available anywhere else in the Australian market.

All businesses supplying on credit terms are exposed to bad risks and recently that has been particularly true for businesses linked to the construction industry. This programme provides access to a trade credit policy that is designed for the industry and provides additional benefits which enhance the policy and reduce costs.

Major Benefits:

•  3-12 month periods of insurance – subject to terms and conditions

•  Very competitive 12 month policy premiums

•  A low shared excess amongst all Insured members

•  Exclusion of part of turnover, saving on premium costs

•  90% Indemnity

•  All Limit Administration Charges and Discretionary Limit report 

   costs absorbed by IMC

•  100% reimbursement of Collection and legal costs for Insured buyers – subject to terms and conditions

If your company is in the timber or building materials sector then contact IMC Trade Credit Solutions to find out how you can gain access to this programme.

www.imcnewbury.com.au

Is there a gap in your insurance cover?

With the end of the financial year arriving many businesses will be undertaking a review of their insurance policies to ensure all major assets and risks are covered. However, many businesses fail to insure one of the largest assets in their company, their debtors ledger. Businesses trading on credit terms are at risk of suffering a bad debt due to non-payment from their customer. Trade Credit Insurance can fix this.

At IMC Trade Credit Solutions we speak to businesses every day with the aim of finding the right policy to protect against bad debts. Having robust credit procedures is certainly the right thing to do but even this cannot guard against the insolvencies that no one sees coming.

You insure every other major asset in your business so why not your debtors?

Last year we saw some major businesses go into administration that few of us were able to predict and this year is no different. So far we have seen Mothercare, Gunns Timber and Rosella Foods go under, who will be next?

Trade Credit Insurance provides you with peace of mind in knowing that you are protected against non-payment. This allows you to trade with confidence with new and existing customers and grow your business.

IMC are a specialist Trade Credit Insurance Broker and therefore able to provide the right policy structure and management tools to support your business. We have an intimate knowledge of the marketplace and experience across all industries in Australia.

If you want to fill the gap in your insurance cover speak to one of our knowledgeable staff to find out more.

www.imcnewbury.com.au