A cost-effective insurance policy ideal for small and medium sized businesses.
In a business climate that is fiercely competitive and increasingly unpredictable, your ability as a growing enterprise to safeguard against bad debt and ensure the safety of your cash flow assumes even greater significance.
Every time you trade on credit, either at home or abroad, you run the risk of non-payment by your customers. Moreover, unforeseen customer insolvency can cause damage to the cash flow and financial stability of your own business.
Premier Trader has been developed to help small and medium sized businesses deal with the unnecessary cost and inconvenience of such eventualities. It provides straightforward credit protection and efficient credit limit management with minimum fuss.
Protection for domestic & export trade
Premier Trader gives you the option of combined protection against the risks of both export and UK domestic sales, all insured under one policy with an indemnity level of up to 90% of your whole turnover.
So if you are a growing company whose business is currently just domestic, Premier Trader's overseas trade cover is automatically available to you should you decide to develop trading partnerships abroad and expand into new markets.
Complete peace of mind
Credit insurance with Premier Trader helps you to avoid the risks associated with non-payment, resulting in a secure cash flow which gives you freedom to pursue your business strategies with confidence.
A systematic approach to credit management
Premier Trader provides you with the 'building blocks' necessary for effective credit control procedures for your business. Upon request, Collection support are also available.
Access increased levels of bank finance
Protection offered by a Premier Trader policy can be used to provide greater security to a lender for trade or export finance.
Online credit limit management with Cofanet
As a Premier Trader client, you have access to a unique credit limit management tool - Cofanet, designed to enhance the online communication between you and Coface.
Cofanet gives you instant web access to our comprehensive buyer database and simplifies everyday management operations related to your policy, including:
- monitoring your current limit portfolio
- applying for credit limits on new buyers
- making modifications to, and cancellations of, existing buyers' limits
