Credit Insurance is a product offering from Southern Cross Risk Management and is supported by staff with substantial experience, both in the underwriting and brokering of credit insurance. With credit insurance, you can protect both your current and future cash flow as well as your profits, and free up resources to concentrate on more value-added activities including new business.
Fundamentally, credit insurance improves the quality of a company's bottom line through:
How does it work?
The credit risk of Credit insured companies are insured by means of a credit limit on each of their customers or “buyers”. The credit limit is an objective opinion on the financial condition of a buyer. It is based on expert knowledge and experience combined with sophisticated underwriting systems. Every credit limit is monitored and adjusted if needed (when trade increases or if the buyer’s financial situation changes)