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