What is Credit Insurance?
Credit insurance helps protect your business against the risk of bad debt so that you can confidently get on with running and growing your business.
Watch our 2 minute video Understanding Credit Insurance
Why do you need Credit Insurance?
For many business, their largest asset (typically 40% of the value) is their sales ledger – which may well be completely uninsured. In a climate of economic uncertainty, credit insurance can really help you sleep at night. It can also help mitigate the impact of issues further down the supply chain.
Credit insurance can also help you grow your business:
Non-payments can weaken your company and lower its investment capacity. Trade credit insurance protects your business against both commercial and political risks that are beyond your control. It improves the quality of your bottom line and helps you to grow profitably, minimising the risk of sudden or unexpected customer insolvency.
Imagine a key customer went into insolvency and couldn't pay you...
It could only take a handful of these debts to go bad and an SME could end up losing significant sums. We have partnered up with Euler Hermes the world's largest provider of credit insurance to give you exclusive access to their global risk experts and provide you with useful insights on your market, customers and prospects.
How creditworthy are your customers?
We can get check your customers for you:
1. Provide us with up to 10 businesses you want us to look into.
2. We'll give you an indication of the level of cover you could receive.
Email [email protected]
How does Simplicity credit insurance work?
♦ Simple administration: you fill a simple application form
♦ Simple pricing: you pay a fixed premium depending on your turnover
♦ Simple and fast claims process on all debts over £200
Quote within 24 hrs
“I just love it that you are all in the loop of what we are doing.”
“Thanks very much for your excellent service. You seem to be alone in the whole insurance world in understanding our business and its needs!”
“Your colleagues were amazing in helping me after hours. They were professional and very quick in dealing with me.”
These guys are the only insurance people I will tolerate speaking to these days, as they are actual humans (with both a brain and a heart!) and offer very good packages too - they answer calls and emails promptly and when I had an issue recently with my bank were very helpful to get it fixed.
La Playa's specialist Mediatech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organization. Our specialist policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk.
As a Lloyd's broker, La Playa has solutions for even the most complex risks, and our services also include Business Protection and Employee Benefits. But what does "Boutique Service" actually look like?
Careful listening to really understand your needs and priorities
As much help as you need with completing forms to provide risk information
A discreet and complimentary appraisal* to assess the risks and ensure you have the right coverage where you need it
An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions
Careful monitoring of the carriers’ financial strength, claims and customer service
An independent recommendation of the best policy for you - and why
Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analyzed a wide range of policy wordings and have selected only the best for our panel. Our advisers have a deep working knowledge of these policies
*subject to insurer availability
An intelligently designed portfolio of protection across multiple asset classes, liabilities and territories
Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down
A dedicated adviser so you can speak to the same person each time.
Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers
Direct phone and email access to your adviser for questions and advice.
Policy documents emailed to you - no logins and passwords to remember
An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running, and driving through a swift financial settlement
Tech-based business is 24/7, global and borderless, always exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.