The year 2019 has been special if you’re in the business of Trade Credit Insurance. That’s because 2019 marked the 100th anniversary of Trade Credit…
The year 2019 has been special if you’re in the business of Trade Credit Insurance. That’s because 2019 marked the 100thanniversary of Trade Credit Insurance or, to be more specific, it’s 100 years since it was developed for UK traders.
Andy Moylan, founder of The Export Hub and the Managing Director of multi award winning Efcis Trade Credit Insurance Brokers said: “In the last 100 years the world of trade has opened up and SMEs are taking the opportunity to expand beyond their front door through exporting.Trade Credit Insurance continues to protect businesses. It facilitates millions of pounds of trade every day and as such is a vital business tool. Not only will it protect an SME from bad debt, it also enables business growth – helping a company to open up new accounts overseas offering credit, secure in the knowledge they’re protected from the adverse effects of bad debt on the accounts their policy covers. It can also provide comfort to a bank to secure that all important funding to facilitate overseas and indeed home turf expansion. And yet Trade Credit Insurance remains an unsung hero with so many SMEs looking to export but blithely unaware of its existence.”
Fronting the Export Hub, Moylan has spent the last 12 months, “Banging the drum at national and international events and in the relevant business media for the many benefits of Trade Credit Insurance; spelling out its many tangible benefits and showing SMEs why it should be an essential part of their export toolkit.”
Speak to us if you’re interested in exporting or want to discuss the benefits of our services including Trade Credit Insurance. Our services including the D-Risk matrix which analyses and scores your risk level for exporting are free of charge.