Trade credit insurance is the ultimate protection against bad debts, where you have your debtors insured against the risk of insolvency, protracted default or political events. Credit risk management is a vital tool used to protect the financial health of your business. Our credit risk management service is proactive and designed to grow your company's sales.
Good credit management should ensure that customers pay on time, we understand that this is not always the case and not everyone has a trained and dedicated credit manager. Over the years we realised that while our core product was insurance broking, our business was actually about protecting the profitability of our clients.
Good credit management should ensure that customers pay on time, we understand that this is not always the case and not everyone has a trained and dedicated credit manager. Over the years we realised that while our core product was insurance broking, our business was actually about protecting the profitability of our clients.
Services
NCI was established in 1985 as a specialist trade credit insurance broker. Our business has grown steadily to become the leading trade credit insurance broker throughout Australia, New Zealand and Asia. Over the years, we realised that while our product was ultimately trade credit insurance, our business was actually about protecting our client's profitability.
Trade credit insurance protects your debtors ledger, one of the largest assets your business can carry. Even the most rigorous and disciplined credit management cannot prevent bad debts, any business with these exposures should ensure they are protected with trade credit insurance. Self-insurance or a bad debt reserve does not replace monies lost, whereas trade credit insurance puts cash back in your hands.
Just as you don't go into business to give things away, you shouldn't sell your valuable products or services to someone who can't afford to pay. If that sounds obvious, it is surprising the number of businesses who do exactly that! Credit risk management is a vital tool used to protect the financial health of your business.
Good credit management should ensure that customers pay on time, we understand that this is not always the case and not everyone has a trained and dedicated credit manager. Our commercial collection division embraces an empathetic approach when dealing with problematic customers. We promote flexible solutions for both parties and do not use heavy-handed threats that might damage your ongoing relationships.
The PPSA doesn't just apply to those who take a more traditional security over others' assets (such as a bank securitising a loan). The PPSA will most likely apply if a supplier has any sort of claim to an Australian buyer's assets to ensure payment obligations are honoured. If a supplier does not register, they will find that someone else's claim to the same assets will rank ahead of theirs.
Reviews
Be the first to review National Credit Insurance.
Write a Review
