HSBC Insurance Brokers has launched Cover Credit, a real-time, interactive on-line trade credit insurance service for small- and medium-sized businesses (SMEs) with annual credit sales of between Ј500,0000 and Ј6,000,000.
Cover Credit protects small and medium sized businesses based in the United Kingdom, European Union and other agreed export countries against the risks of non-payment, safeguarding them against bad debts and protecting cash flow and profit.
Businesses can access Cover Credit online 24 hours a day, 7 days a week and obtain quotes for credit insurance, credit assessment and collections management services. Detailed terms are provided instantly, and HSBC will usually confirm applications within three working days, making the service invaluable for firms that need quick decisions to cover their import and export needs.
