Businesses use trade credit to manage and improve cash-flow. It matters because many sources confirm that trade credit is the second largest source of finance for businesses. The problem is that businesses negotiate trade credit terms based on the customer’s perceived credit worthiness, but a supplier is often the last to know when a business is in financial difficulty. Companies fail for a variety of reasons, from a change in their environment or management mistakes to suffering a devastating bad debt. Ultimately, lack of cash-flow causes businesses to become insolvent.
The challenge is to effectively future proof the credit strategy for your business and manage risks that seem so impossible to predict. The key being “information”. Knowledge is the bedrock of sound trade and never before has this been more pertinent. In the current climate, you cannot rely on old information. Constant monitoring, analysis and live updates can be the difference between making a successful credit decision or one that is destined for failure.
It’s not enough to credit check a potential new customer; you need the inside track on their financial affairs, trading strategy, payment behaviour and even an insight on their approach to risk management and whether there is a contingency plan should they hit troubled waters. In today’s trading environment, businesses are hungry for this level of detail but often don’t have the resource required to continually review and update what has become the essential inside track.
Credit insurance affords all that. Access to the right information alongside cutting-edge tools, real-time insights, unrivalled expertise and decades of experience enabling customers to make the right business decisions and grow with confidence
It is our intention to provide you with the highest possible level of customer service at all times.
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Motor trade insurance is the best way for you to make sure you are meeting all of your insurance responsibilities as a motor trader at once, while protecting yourself from claims.
Fully comprehensive for your delivery van or third party fire and theft for a tractor – motor fleet insurance arranged by CJ Insurance is designed to cover multiple vehicles of different types under one policy.
Commercial Combined Insurance is an umbrella term used to cover commercial insurance for the day to day risks associated with running a business.
If you do make a mistake and you have a professional indemnity policy in place, your insurers will review the position and either meet your claim if they conclude that you are responsible, or cover the costs in defending the claim if they feel you were not.
Most businesses have a legal obligation to have liability cover in place. Our team at CJ Insurance can discuss which type of liability insurance is right for you and your business.
Any director or officer can be sued by shareholders, employees or other third parties who believe they have failed to exercise due care in the running of their business.
We will be able to help you arrange the insurance you need with a specialist Insurance package that can insure your business in one go.
With every kick, bat, tackle and step, you take a risk, but that is part of what being a professional or semi-professional sports person is all about.
GPA & Travel arranged by Clarke Jeffreys provides flexible protection for companies, both large and small, against the unforeseen financial impact of an injury or illness suffered by a director, employee or contractor working on your behalf.
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Offers protection from the day to day risks you are exposed to in your trade specifically, which might be the risk of injury to members of the public or damage to property.
Properties are many things to many people – an investment rental property, a nest-egg for your retirement, or a home for your future family.
It is not unusual for properties to be left empty for a significant period of time, whether it is a holiday getaway in a remote part of the country or a house or office building that is in between tenants or owners.
Business interruption can cover your business when it is hit by an unavoidable peril, but productivity is also noticeably affected if your employees are struck down by illness or injury, even if it is only for a short while.
In uncertain times, an agricultural insurance policy that serves to safeguard not only your land, stock and machinery, but your livelihood as a whole, can be invaluable.
Cyber liability has cemented itself as a crucial level of cover for any business owner who uses computers. It has had a lot of help, with instances of cyber attacks sweeping the globe, targeting companies of all kinds large and small.
Many clients feel a more straightforward shop or office insurance policy can be arranged online, feeling an insurance broker can add less value. In our professional opinion this is not always the case.