Trade Credit Risk Business Insurance Australia Phone

Why Credit Insurance If you are of the view that you don’t need Trade Credit Insurance simply because of the premium amount, then you are completely wrong. Spending money on premium payment should not be considered as an expense but rather as an investment. It secures your business from incurring any financial losses. Almost every business runs the risk of bad debts and these bad debts can significantly affect the cash flows of your business. The trade credit insurance brokers in Melbourne help you to mitigate the risk considerably with their insurance policy.Trade Credit Insurance

Credit Risk Insurance Provider You should choose a professional provider of trade credit insurance that has a good reputation in the industry. Trade Credit Risk is dedicated to providing innovative credit solutions to the business houses which are tailored to their needs. There’s a Domestic Credit Insurance that provides protection for debtor’s trade account against bad debts. Then, there is a Risk Management Package that provides a credit limit opinion service. It also covers ongoing monitoring of debtors. The different suite of products is offered to the clients so that their requirements are met in the best manner.Trade Credit Risk

About Trade Credit Risk Trade Credit Risk Pty Ltd Trade Credit Risk Pty Ltd (TCR) is a private and independently owned Boutique Specialist Trade Credit Insurance Broker in the Australian & New Zealand marketplace. The Managing Director and owner Sharon O’Hanlon has been in the industry for over 29 years. Our head office is in Doncaster, Victoria and we have an office in Western Australia and clients in all States across Australia and New Zealand. Our range of clients vary from SME’s to large multi-nationals and testimonials can be provided on request. Trade Credit Risk is the first Broker specialising in Credit Insurance to be opened in the Victorian Marketplace in the last 25 years. Our experienced team has been hand picked from the industry which allows us to provide a unique service.

Business Credit & Debtors Insurance Services Giving you Peace of Mind… Debtors Insurance protects your accounts receivable ledger in the following events occurring; Insolvency; which also includes Bankruptcy, Deed of company Arrangement, Administrations, Receiver Manager and Liquidations. Protracted Default or Non Payment; occurs when a debtor cannot be located, has skipped, a judgment has been obtained or non payment. All methods for collecting the outstanding debt must be exhausted and a waiting period applies depending on the Insurer.

Main benefits include; Free Collection Service All four Insurers will contribute 100% to the collection costs and a % of the legal costs depending on the Insurer wording and you will have the ability to pass trouble debtors onto their collection agency to collect on your behalf. Confidence to grow your business Your business can expand, knowing the cost of a bad debt is insured. You won’t need to worry about the size of your exposure levels and can take a competitive advantage, whilst others operate with uncertainty. Protect your profits and cashflow The proceeds of a credit insurance claim, injects cash back into your business. We can arrange a virtually unlimited cash reserve for the balance sheet as a tax deductible cost. Strengthen Credit Management We will analyse your credit limits and monitor your debtors on an ongoing basis. Having a third party investigate your accounts will allow you to trade with confidence knowing you have protection against a bad debt.

Credit Procedure Manual Development 50% OF COMPANIES IN AUSTRALIA DO NOT HAVE ANY FORMAL CREDIT PROCEDURES OR PROCESSES. We will design a credit procedures manual based on the size of your business, credit limit exposures, industry and staffing levels. The manual will provide an efficient system and process for your Credit Department. The procedure manual contains the criteria for the following process; To ensure all payments/credits/short payments are documented and then allocated to the correct account Defining the levels of authorisation to approve higher credit limits Facilitating appropriate re-payment plans for delinquent accounts Reviewing credit limit exposure levels on all accounts New/Existing Account Credit approval processes Procedure for writing off losses and bad debts General housekeeping rules Chasing overdue accounts Credit Applications Terms of Trade

Company Overview: Trade Credit Risk Trade Credit Risk (TCR) is a boutique Specialist Credit Insurance Broker in the Australian marketplace and we provide the following suite of products; Domestic Credit Insurance provides protection for your debtor’s trade accounts against the risk of having a bad debt.. Export Credit Insurance insures your overseas customers against having a bad debt including Political Risk, Currency Inconvertibility and Contract Repudiation. Risk Management Package provides your business with a credit limit opinion service and ongoing debtor monitoring of debtors for adverse information. Credit Procedure Manual’s are specifically tailored to your business and utilised as a tool to establish in-house guidelines for the everyday functions within the credit department.

Contact Us! Insure Your Business! At Trade Credit Risk, We offer specifically tailored solution to your business. We also provide Credit Procedure Manual to establish in- house guidelines for everyday functions. Our brokers utilize their experience and knowledge of the insurance industry to provide other services as well. These include premium funding, collections, mercantile reports, financial analysis trainings etc. Phone Suite 8, 1010 Doncaster Road, Doncaster East Victoria, Melbourne Australia 3109 © 2015 Trade Credit Risk. All Rights Reserved. | Australian Financial Services Licence #: