Credit insurance overview
Credit insurance is becoming increasingly important.
Having the right payment terms with your customers is critical to your competitiveness and ability to grow your organisation with confidence. Ensuring terms of business are adhered to is not always in your control. Without protection that your invoices will be paid, your business decisions are based on faith and past experience alone, which may not be the best grounds for ensuring business profitability.
According to a recent Atradius survey for B2B payment practices, around 45% of invoices remain unpaid past their due date.
This is where credit insurance and robust credit management policies can help. While it is about protection against bad debt, credit insurance is also a facilitator for growth and for maximising your profitability.
Aon UK Limited is authorised and regulated by the Financial Conduct Authority. FPNAT.391