To aid the organisations stabilise and improve the credit limits issued by insurers
Marsh has introduced Trade Credit Insurance Service to aid the organisations stabilise and improve the credit limits issued by insurers – reported Insurance Journal.
The service is expected to check the problems which the UK companies are facing in renewing their trade credit cover during the recession, as quoted in the Journal.
Marsh stated that as part of the new service, its trade credit insurance team intends to do the following: work with clients to identify critical suppliers and their relationships with the credit insurance market, determine which insurers to engage with and the level of priority to be attached to each supplier, identify and facilitate engagement with the appropriate insurers, and wherever appropriate explore the option of the Government-supported scheme and help provide information that meets an insurer’s minimum requirements.
The company’s new trade credit insurance service enables clients to gain control over the underwriting decisions that affect their businesses, and offers the opportunity to pre-empt an insurer’s decision to restrict or cut cover.
Marsh has a Trade Credit Practice which focuses on arranging trade credit insurance for firms from all sectors across the UK.