You’ll discover our services are innovative and creative encompassing the whole spectrum of risk protection and mitigation. Being consultants we are not bound by specific products or insurance company philosophies, so we are able to employ every possible tactic to satisfy, eliminate or reduce risk exposure.
Often businesses we have encountered threaten insurers they will ‘self insure’ when faced with high premiums and the like, but the threatener have no idea about how to sensibly arrange it. It is then our task to offer advice on both conventional insurance methods, and self insurance via a mystical product line which is called an insurance captive.
Rodney Mathers Consultancy will act as your overarching adviser, equipped with the skills to analyze the risks and structure a tender specification, either directly with the client, or via a general insurance broker.
This comes in many forms and is more akin to a financial product. It helps to alter the status of accounts receivables from that of an unrealized asset, into a realized asset, as credit insured payments are guaranteed. The improved status of the insured receivables then provides a dramatic improvement to the banking facilities, it also improves share holders profit distribution entitlements, and lowers bad debt provisions, which can be then eliminated.
It covers businesses against non payment by customers with the most common type sought known as Commercial Risks. Exporters also seek Political Risks cover and Contract Repudiation. Other types include Single buyer cover, Reverse Credit – where the customer insures themselves but assigns the benefits to the seller, Anticipatory cover for advance payments made to manufacturers who require progress or advance payments and it can also protect payments made in advance for imported products.
For goods in the process of manufacture, wise businesses also purchase ‘work in progress’ or ‘pre-credit’ cover in case a purchaser becomes insolvent prior to delivery.
The cost of credit insurance cover varies industry by industry, also depends on the individual loss record, and debt management of the insured.
We specialize in providing advice, audits of currently held policy and quotations.