Credit Insurance

Credit Insurance

What is Credit Insurance?

Credit insurance helps protect your business against the risk of bad debt so that you can confidently get on with running and growing your business.

Watch our 2 minute video Understanding Credit Insurance

Why do you need Credit Insurance?

>> Read our Top 10 Reasons Media & Digital Companies Buy Credit Insurance

For many business, their largest asset (typically 40% of the value) is their sales ledger – which may well be completely uninsured. In a climate of economic uncertainty, credit insurance can really help you sleep at night.  It can also help mitigate the impact of issues further down the supply chain.

Credit insurance can also help you grow your business: 

  • giving you the confidence to trade with overseas businesses, in the knowledge that they're "good for the money" 
     
  • helping you win business through offering better credit terms - safe in the knowledge that your cash flow is protected 

Non-payments can weaken your company and lower its investment capacity.  Trade credit insurance protects your business against both commercial and political risks that are  beyond your control. It improves the quality of your bottom line and helps you to grow profitably, minimising the risk of sudden or unexpected customer insolvency. 

Imagine a key customer went into insolvency and couldn't pay you...

  • How would it affect your business, cash flow and staff?
  • How would you get your money back?
  • How would you make up for lost profits?

It could only take a handful of these debts to go bad and an SME could end up losing significant sums.  We have partnered up with Euler Hermes the world's largest provider of credit insurance to give you exclusive access to their global risk experts and provide you with useful insights on your market, customers and prospects.

How creditworthy are your customers?

We can get check your customers for you:

1. Provide us with up to 10 businesses you want us to look into.

2. We'll give you an indication of the level of cover you could receive.

Email hanna.beaumont@laplayainsurance.com 
 

How does Simplicity credit insurance work?

Simple administration: you fill a simple application form
Simple pricing: you pay a fixed premium depending on your turnover
Simple and fast claims process on all debts over £200

Directors And Officers Liability Film Reel

“These guys are the only insurance people I will tolerate speaking to these days, as they are actual humans (with both a brain and a heart!) and offer very good packages too - they answer calls and emails promptly and when I had an issue recently with my bank were very helpful to get it fixed.”

George, La Playa business client

 

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

Monthly Payments
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Quote within 24 hrs

About La Playa Media & Digital

Specialist & Independent

Specialist & Independent

La Playa's specialist Mediatech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation. Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk.

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for media and digital businesses
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US

Are we right for each other?

What sets us apart is the advice we offer: we really know our stuff. We listen, we analyse, we advise you on how to eliminate or mitigate your risk, and how to protect yourself against what remains. We may not be the cheapest option – so if an off-the-shelf policy and call centre queues work for you, be our guest. But if you need some advice on identifying your risk areas, how to structure your insurance most efficiently and effectively, and how to adapt it to the changing dynamics of your work or life – with hand-holding and close attention to detail - you’ve come to the right place. Welcome to the family!

What does “Boutique Service” actually mean?
La Playa’s Personal Risk Concierge means:

  1. dedicated adviser so you can speak to the same person each time
  2. Careful listening to really understand your needs and priorities
  3. As much help as you need with completing forms to provide risk information
  4. A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it
  5. An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
  6. Careful monitoring of the insurers’ financial strength, claims and customer service
  7. An independent recommendation of the best policy for you - and, importantly, why
  8. Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analysed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies 
  9. An intelligently designed portfolio of protection across multiple asset classes and territories
  10. Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
  11. Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
  12. Direct phone, mobile and email access to your adviser for questions and advice. We aim to respond to emails within 60 minutes
  13. Policy documents emailed to you - no logins and passwords to remember
  14. An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running; driving through to a swift and fair financial settlement

Oh, and...

  • No call centres
  • No ‘hold’ music
  • No hidden fees

*subject to availability with our insurer panel

Photo from Media & Digital
Photo of Matthew Clark ACII

Matthew Clark ACII

DIRECTOR, GLOBAL MARKETS

Direct Dial: +44 (0) 1223 200667

Mobile: +44 (0) 7775 537387

Email: matthew.clark@laplayainsurance.com

Twitter: @matthewclarklp