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Credit insurance for media and advertising companies
Advertising, media and marketing businesses are more susceptible than most to bad debt.
Work is often done long before payment is due. Space and time have to be booked in advance.
At Coface we have wide experience of the marketing services sector. Advertising, design, PR or web development, we understand the business and know how quickly the fundamentals are changing as the whole industry switches over to digital.
Consider the true cost of bad debt
With a bespoke Coface credit insurance policy in place, you can focus on growing your own business without worrying about client insolvency. And don’t forget the true cost of bad debt.
If your average margin is 5% and someone defaults on a £5,000 invoice, you’ll need to generate £200,000 worth of new business to get that money back. Claiming on credit insurance is a lot simpler.
Ask for a credit report before starting to deal with a new company. Get a heads-up if an existing client is struggling financially. Refine your credit management systems to make them more effective and efficient.
Negotiate better trading terms too. And be more attractive to potential investors.
Know more, grow more
At Coface we are one of the world’s leading credit insurance companies. Our up-to-the-second knowledge of companies, business sectors and countries are a major resource that’s at your fingertips as soon as you become a policy holder.
- Up-to-date financial information on 80 million companies in the UK and around the world
- Country and sector reports by our expert analysts
- Exclusive insights into economic and business trends throughout the world