Leading global credit insurer, Atradius, has just announced a partnership deal with Aon Receivables Management Services - one of the largest specialist credit brokers - to provide a credit insurance policy for SMEs.
The new policy, designed specifically for Aon, is aimed at UK companies with an annual turnover of up to Ј7.5 million. It will form part of Aon's full receivables management package, which also includes credit management audits, credit information and portfolio management systems, debt collection and trade finance.
"Over 15,000 UK businesses failed in 2003, the majority of which were small companies with cash flow problems caused by late and non-payment," said Peter Davies, Atradius's commercial director. "For smaller businesses, the impact of a bad debt from a customer can be devastating, so credit insurance can play a vital part in safeguarding a company's future.
