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The Independent Automotive Aftermarket Federation

Do you insure your trade credit risks against non-payment?

Date: Friday 11 September 2020

FinCred IS offer advice and expertise to IAAF members on trade credit risks. As an independent trade credit insurance broker, FinCred IS have developed three trade credit insurance solutions exclusively for IAAF members. These solutions protect your business against the risk of trading on credit terms by providing reassurance that should your customers fail to pay their debts; you will be indemnified.

The solutions available from FinCred IS include Single Invoice Insurance, SME Insurance and Trade Credit insurance, which are all explained in the brochure available in the Members area of the IAAF website. Exclusive premium rates are available for IAAF members via FinCred IS to ensure your business is getting the most competitive terms on the market.

If you do not insure your trade credit risks, then now is an excellent time to consider your options. The current Covid-19 crisis and impending Brexit deadline are seeing business insolvency rate forecasts rise to an all-time high in the UK and globally. On 4th June it was announced that the UK Government would back the trade credit industry to maintain extensive credit limit coverage and stabilise premium rates. This backing along with the exclusive rates for IAAF members means premium starts from as little as £3,000, for the SME and Trade Credit schemes.

As a specialist in trade credit insurance solutions, FinCred IS will work with you to establish your requirements and source the best cover to suit your individual needs at the best possible rates.

To obtain a no-obligation quote for your business then please complete the form, which is downloadable from the Members Area of the IAAF website and return it to FinCred IS. Alternatively you can telephone to discuss your requirements in greater detail.