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
· Update as at 16 March 2020
With the COVID-19 Coronavirus situation evolving daily, we want to reassure our customers and partners
that we are continuing to follow government guidance, and have been working for some time to prepare for all potential outcomes
for our business and to support clients and customers through this sustained period of uncertainty.
Towergate Insurance Brokers is currently operating business as usual, and we are working behind the scenes on a range of plans
to continue serving clients without interruption and ensure we are prepared, should guidance and advice change quickly.