BIBA’s Trade Credit Insurance
Partnering Success
CMR Insurance Services Limited has been providing credit insurance to prudent successful businesses across the UK for more than 29 years. Our clients range from start-ups to major corporations in almost every key sector of business and industry. What is common to all is an excellent service that is the trademark of CMR.
As the Appointed Representative of Atradius, one of the world’s leading credit insurers, clients can benefit from the strength of financial backing to ensure claims are paid fully and promptly. At the same time customers receive the excellent service that CMR prides itself on.
CMR wants to create a successful partnership with BIBA members and enable your clients to benefit from the service that CMR prides itself on, which is why it is important for us to really understand them. We will be available every step of the way to provide support to both yourselves and clients that you refer.
Why should you refer your clients?
When you deal with CMR you deal with some of the most personable and knowledgeable individuals in credit risk management. (We’ll always meet face to face so remote call centres or frustrating online processes do not get in the way of genuine relationships and true customer service.)
We meet with all new clients prior to the commencement of their cover jointly with yourselves if you prefer, to ensure that they have a full understanding of the policy. You can be as involved as much or as little as you wish as we pride ourselves on the service we provide to all of our clients.
Your clients are safe with CMR as we only offer credit insurance and do not act as brokers for any other insurance products.
Benefits for your clients
The primary benefit of credit insurance is protection against bad debt caused by insolvency, cash-flow issues and political risks (export risk). Companies who use credit insurance also benefit from:
1. Improved cash-flow – the policy works with their credit control and enhances it
2. Increased new business and repeat sales – the protection from the policy means a business can go after new markets they may have found too risky. The credit terms you offer are also a good selling point for winning and keeping business.
3. Better terms from suppliers – by having a credit insurance policy, this also gives a supplier more confidence that their customers will not fail due to a bad debt.
4. Up-to-date credit information – the credit insurer that underwrites the credit risk of a company has the most up to date information possible and quite often that means companies with a credit insurance policy will be the first to know if a problem is on the horizon.
5. Reduced debt collection and legal costs – debt recovery action is also covered under our managed credit insurance policy meaning your client would reduce their spend on debt recovery processes.