Each year, in the UK alone, up to 20,000 businesses will stop trading, many of them leaving their suppliers with significant unsatisfied debts.
Companies trading internationally can face even higher levels of credit risk, as the robust financial data required to assess trading risk is frequently unavailable. The expanding global e-commerce environment, with its need for instant decisions, imposes a further barrier to effective credit risk management.
CIFS can help to reduce this risk burden. It’s Policies provide cover against non-payment of debts due to the insolvency or default of an insured customer. In addition, political risk cover is available to exporters selling in certain countries, supplying protection against such events as cancellation of an export licence (or customer’s import licence), war, currency inconvertibility or contract frustration by government.
All CIFS policies are written in plain English and are designed to be straightforward. Each type of policy may be customised to suit policyholders’ requirements.
Nexus CIFS Ltd
150 Leadenhall Street
London EC3V 4QT
T: +44 (0) 20 3011 5700
Nexus CIFS Ltd is an Appointed Representative of Nexus Underwriting Limited, which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 494805).