As the Towergate Group includes both insurance broking arms and specialist underwriting agencies, we are ideally qualified to advise you and arrange Credit Insurance that suits your business needs.
We appreciate that credit is vital to trade for small and medium sized businesses but increasingly difficult to secure in tough economic conditions. So, our approach is to give you access to a broad range of insurance products at a time when many of our competitors are withdrawing from supporting this aspect of the market.
Suffering a bad debt can cause a business to fail, so Credit Insurance is well worth considering if you sell a product or service to businesses on credit terms. For instance, if your profit margin is 5% and you suffer a £25,000 bad debt, you will need to increase sales by £500,000 just to recoup the lost profit from that bad debt.
Causes of loss that Credit Insurance can protect you against include:
The specialists at Towergate can assist with many aspects of credit management and risk analysis.
Count on the expert team at Towergate to arrange Credit Insurance for your business with benefits that include:
3rd Floor Exchange House, , 486 Midsummer Boulevard,, Milton Keynes, Buckinghamshire, MK9 2EA
01908 258 388
Monday – Friday 8:45am - 5pm
Coronavirus (Covid-19) – Update for Towergate customers
During the COVID-19 Coronavirus crisis, we want to reassure our customers and partners that we are following UK Government guidance,
and as a result our national offices are closed to both safeguard the health of our employees and our ability to look after our valued clients.
Where possible, our employees are working from home and we are still fully able to support with renewals, new cover requirements and
claims guidance and support. This includes giving our colleagues the ability to work from home or alternative locations,
which we hope will limit the disruption and enable you to speak to us for advice and support should you need it.