"Specialist Risk, formerly known as Miles Smith Insurance Solutions, staff are friendly, extremely approachable, responsive and very much work with us, allowing us to get on with the day-to-day running and growth of our business"
If one of your large clients failed to make payment of their debts due to cash flow issues, insolvency, or bankruptcy, this could cause a significant financial strain on your business.
Trade Credit protects businesses in these circumstances and can also help your business grow by selling your services to new clients that may usually be too high-risk. You can therefore work assured that you will be covered for any failed payments if your clients are unable to make payment.
All businesses face unique risks, so please get in touch with our expert team to ensure your business has the correct cover in place.
Protection against non-payment due to insolvency, default and country risk
Multi-buyer – a comprehensive cover for protection against any customer default
Single customer – protection from your key account defaulting
Named customer – typically designed for businesses with a portfolio of customers that is weighted towards a handful of large exposures
CHELMSFORD STAR CASE STUDY
“It makes things a lot easier, particularly when insurance isn’t your area of expertise. You want someone who understands how you’re set up, the way your board is, how you have to get things approved, and that you’re commercial, but do have other aspects.”
Specialist Risk Insurance Solutions
now operates the following: