Credit Insurance

Is your business protected against bad debt?

With agent partner failures costing the UK tour operators millions of pounds each year, it is imperative that you have the right level of credit insurance protection in place for your business.

A well respected corporate administrator has recently published a report for Q3 2011 that warns that the number of travel and tourism businesses facing 'critical distress' has risen 49% in the past year, and that insolvencies are "inevitable".  

As an established commercial partner with Advantage Travel Centres, we are pleased to announce a new partnership arrangement that we have formed with Euler Hermes, the world’s largest credit insurance company (-AAA rated), to provide your business with a highly competitive credit insurance product.

In moving the protection of our central operator payment system across to Euler Hermes recently we have been able to use our buying power to create a best overall credit insurance package in the marketplace and one that cannot be bettered by buying direct.

Through our scheme and for a fixed fee, you will be able to protect your business against key customer failures which could, were they a significant debt, put your overall business at severe risk. The scheme would still allow you to trade actively with major agent partners but safe in the knowledge that you have guarded yourself against bad debt. It should also be noted that protection is not restricted to Advantage member customers but can cover all customers whatever their origin.

The insurance product can also be tailored to your individual requirements giving you a product that is wholly suited to your needs, offering you insurance protection on everything from your top customer only through to your entire customer database.

Most significantly, we are confident that we can use our buying power to raise your personal credit limits which will have the effect of increasing the overall level of protection for your business. It is also very possible that we can increase that insurance limit in conjunction with a credit insurance policy that you may already have in place.

As part of the scheme we also include a protracted default facility which mean that should an agent consistently refuse to honour a genuine payment, Euler Hermes will make the payment to your business and pursue the payment from the defaulting agent.

Finally, as Advantage is proud of the strong commercial relationship that we have developed with you, we fully intend to manage the relationship between your business and Euler Hermes.

If you would like a quote please email davids@advantagetravelcentres.com