Why do I need credit insurance

Starting a new business

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“Do I need a credit insurance policy?”

…should be one of the first questions for any start-up.

The answer is yes because new companies are especially vulnerable to bad debt, having not had time to build up cash reserves or establish lines of credit. Better still, with credit insurance in place from the start you’re free to concentrate building the business.

“Do I need a credit insurance policy?” That’s one of the first questions anyone involved in a start-up business should be asking themselves. And the answer is a very clear and very firm ‘yes’.

Why?

Simply because new companies are especially vulnerable to bad debt, having not had time to build up cash reserves, establish lines of credit or develop a credit history.

Just imagine your own experience of dealing with a newly established business. Now you understand the doubts customers and suppliers may feel about yours. But a lot of those doubts can be put at rest by having the right credit insurance, courtesy of Coface. Knowing that you’re insured will provide them with instant reassurance that you are a responsible and creditworthy prospect. They may also offer you better trading terms as a result.

Then there’s the ‘know more, grow more’ aspect of working with Coface to consider. With instant credit opinions always available, and our database of information on 80 million companies to call upon, you can go into every deal with your eyes open.

Focus on growth

  • Pre-qualify customers before you do business with them
  • Offer more competitive credit and payment terms
  • Know more: access our constantly updated financial information on 80 million companies
  • Be more attractive to investors, suppliers and big customers because you’re protected from bad debt
  • Create a more efficient credit management system with our expert advice

Above all, with credit insurance in place from the start you can stop worrying about non-payment. That leaves you free to concentrate on the positive aspects of running a new business. You can spend your time chasing new business, not old invoices.

Coface it first and trade with confidence.

To find out how Coface Credit Insurance can help your business contact our team for your free, no obligation quote.

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