The current trend of increasing interest rates & company failures has impacted on all sectors, but additional concerns within the timber trade such as higher commodity prices & stock procurement issues mean that credit risk is ever more highlighted as a boardroom issue.

Aon’s Trade Credit team has partnered with the Timber Trade Federation (TTF) and a leading underwriter in the market, Credit Indemnity & Financial Services (CIFS), to provide an innovative credit insurance scheme designed exclusively for companies operating in this sector.

Credit insurance covers the risk of non-payment of trade debt either by insolvency or protracted default.  Aon’s timber credit insurance scheme is the only one endorsed by the TTF and has been specifically designed by a team with vast experience in the sector.  Aon works on your behalf to ensure the most competitive terms are negotiated in respect of cost, coverage & service, and its dedicated sector experts ensure your specific needs & requirements are addressed.

Once on the scheme, ongoing policy service will be provided giving credit limit & claims support as needed, and a full range of complementary receivables management services, including an annual healthcheck of your credit management & risk control processes back the credit risk protection provided.
For more information on the scheme, complete & return our credit risk questionnaire (pdf; 54KB; two pages), or email Amy Slayford.

Last updated on 16 July 2007