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 Science & Tech 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

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“Open, friendly and supportive”

 

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 Science & Technology

Specialist & Independent

Specialist & Independent

La Playa's specialist Science & Tech 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 business. 

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 science and technology
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US
     
Photo from Science & Technology
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