After a very challenging period following the Global Financial Crisis Australian TRADE CREDIT INSURANCE is becoming less expensive and more flexible. 

In fact, right now terms are more attractive than at any time in the last 3 years.

DMS works closely with a specialist Credit Insurance Broker on your behalf to negotiate your cover, and (most importantly) often persuades insurers to accept higher levels of risk than you may have been able to achieve. 

Note: - DMS' own Analytical Reports historically have assisted clients negotiate higher covers than Insureds have been able to achieve in approx. 75% of cases we have been involved in - even overturning 'Nil' limits in a significant proportion of cases.

Benefits of DMS' credit insurance support include:

• Sell with security, even during uncertain times.
• Tax-deductible protection of your Trade Debtors, the company's life blood - its Cash Flow. 
• Reinforcing credit control.
• Access to a team of experts, with the widest and most up to date information on your trade debtors.
• Bank security - your policy has real value, as a virtual guarantee of the debtor asset. Collateral provided by a policy improves borrowing flexibility.
• Prompt payment of 80% - 90% of insured loss within 30 days of debt 'confirmation' following insolvency.

The principal types of credit insurance are:

• Whole of Turnover - all accounts over a certain level are offered. This policy may allow mutually agreed exclusions, after negotiation with the Insurers.
• Catastrophe Insurance - you select the level at which credit insurance is required. For example, a company might feel they can live with $100,000 worth of bad debts each year, and cumulative bad debts adding up to that level are not insured. However, once bad debts reach the agreed figure, further losses are indemnified to an agreed % - usually 90%
• Selected Debtor Insurance - you nominate specific accounts to be insured. Rarely offered these days, but in some trade sectors it may be available. In the present climate 'spread' and quality' are critical.

Premium cost varies depending on data such as Insured Sales volume, the Debtors to be insured, Loss History, and the type of policy required. Currently conditions are rather tougher than they were, so your specialist broker's advice is critical.

By blending DMS Group's credit reporting and debt recovery expertise closely with the skills of your specialist credit insurance broker you will manage your Australian &/or Export Debtors risk more securely under carefully structured cover.

N.B. We never provide Insurance 'advice'; where such advice is necessary our specialist credit insurance brokers provide the formal statement.

To obtain a Quote, or find out more about credit insurance, please download the spreadsheet at 'Trade Credit Insurance Proposal' below, and save it to your desk top; then fill in the details and email the form to us at reports@dmsgroup.net.

Trade Credit Insurance Proposal