Credit insurance experts specialising in the construction industry
Could your company survive if your largest contractor (the one that owes you hundreds of thousands of pounds) suddenly went bust or could not pay? It’s a terrifying thought, isn’t it? If your company needs the certainty of payment, as well as peace of mind and the confidence to take on larger contracts, then a credit insurance policy will bring you just that reassurance.
At Status Credit, we specialise in helping companies put in place tailor-made credit insurance policies which fully meet their precise business demands, operations and growth plans. In doing so, we’ve helped them to successfully mitigate against sales ledger risk and feel confident to pursue the bigger contracts so key to their organic development.
Construction Credit Risk Insurance Specialists
Whilst we support a range of sectors, we have established a particular specialism over the past eighteen years in the Construction Industry. We fully understand how contracts work in this sector and the risks associated. Areas typically covered in our credit risk insurance policies include:
- Work certified, but not paid
- Work done on site after the last valuation
- Retentions/Final account balances
- Unfixed materials and goods off site
- Unfixed materials and goods on site
- Pay when Paid
And much, much more.
If your company wants greater certainty of being paid by its large contracts and needs to protect against the impact of bad debt, contact us today for a free credit risk insurance quote.
A professional credit risk assessment on any of your contractors.
(maximum ten contractors)
We have used Status Credit Insurance Brokers Ltd for the past 12 years now and they really do “understand the complexities” of the Construction Sector. We would recommend them any day.
Their knowledge of the credit insurance industry has been invaluable to our company, and their in depth understanding and knowledge of the “actual terms and conditions” of the various policies has been excellent