Broker Insurance Services provides a comprehensive line of credit insurance to protect companies against potential non-payment by their customers. These debts can arise as a result of a customer becoming insolvent or failing to pay within agreed terms and conditions (i.e. “protracted default”).
Our network of risk offices monitors the financial performance and well-being of your customers. We assign each of those customers a score that reflects the performance of their activity and the way they conduct business.
Based on the risk assessment, each of your buyers is then granted a specific credit limit up to which you, the insured, can trade and be able to claim should something go wrong. This limit can be revised upward or downward as new information becomes available.
Throughout the lifetime of the policy, we give you up to date information of any changes that might impact the financial status of your buyers and their ability to pay you for goods or services you have delivered. In the event that your buyer cannot or will not pay you, you will be insured and indemnified up to the limit of your policy. We can also manage collection of the debt for you should the need arise
We also have other tailor made credit insurance solutions to suit your individual and business needs.