Benefits of NCI Credit Insurance

With NCI Credit Insurance (Brokers), you could sleep better tonight for the following reasons:

One - Preserve profit

On average about 40% of a company's assets are from the debtors ledger - a significant part of your business that should be protected. A Bad Debt Reserve is not the answer - it won't put cash back in your hands.

Two - Protect your liquidity and cash flow

Apart from the long term loss of a customer and future revenue streams, there is the immediate effect on cash flow, which could even lead to your own business failing. The proceeds of a credit insurance claim injects liquid funds back into your business. We can arrange a virtually unlimited Cash Reserve for the balance sheet at a planned deductible cost.

Three - Confidence to expand

You can grow your business in confidence knowing that the cost of potential customer failures is already covered. You can also be more aggressive in your sales and marketing by extending higher and longer credit terms with your customers.

Four - Strengthen your credit management

Whether you trade with customers locally or internationally, your customers' status can be affected by many internal or external factors that in many cases are unknown to you. Even if you have effective stringent, credit control procedures in place, you can further enhance the quality of decisions made on credit limits through working closely with us and gaining access to our extensive knowledge database. You can spend less time worrying about venturing into new markets or territories and be 'in- the-know' about the customers you are dealing with.

Five - Add security

By protecting your Debtors Ledger you can access more efficient financing via bankers. The majority of Australian and New Zealand banks recognise credit insurance as collateral security when providing financing for local or overseas sales. Your shareholders can also appreciate that their assets are being well-protected and that financial corporate obligations are being met.