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FSPA : Federation of Sports and Play Associations

Credit Insurance

Credit Insurance Alliance (Brokers) Limited

Perkins Slade Insurance Brokers have been appointed by the FSPA to provide our members assistance with Credit Risk Solutions including Credit Insurance Policies.

What is a Credit Insurance Policy

A policy that provides protection for Suppliers should their buyer go insolvent before payment or default on a payment.  The usual protection is for 90% of the invoice net of VAT.

Who Would Benefit From a Policy

Any company selling on credit terms of payment.  A Policy allows a seller to expand their business with confidence as the buyers are being assessed by a Special Analyst. Exporters see many benefits from taking out a Credit Insurance policy as buyers are assessed by an Analyst anywhere in the world.  Insurers also have experience in debt collection worldwide so a seller can feel confident of a high level of support if a buyer defaults on a payment.  Overseas, debt collection can take many years, so a policy would pay a claim under the Default cause of loss whilst the action is being completed.  

Why Take a Policy Out Now

Although the Global economy is still volatile, due to fierce competition, Credit Insurance policy prices are now lower than prior to the credit crisis.  At the same time, the level of cover being written by Underwriters is at an all time high.  

Free Market Review

Specialist Credit Insurance Brokers at Perkins Slade are able to provide a full market review free of charge.  This review will provide details of price, policy structure and it may also be able to give you an indication of what the Special Underwriting Analysts think of your top 10 buyers.  This latter point being of great value in itself.

Contact

If you are interested in taking a look at the market, please complete the Credit Risk Questionnaire and return completed questionnaire to Deana Kearns at d.kearns@perkins-slade.com  Alternatively call 0845 869 7160

 

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