The Scenario
We were introduced by an Invoice Finance provider to assist on an enquiry for a wholesale business who was struggling with internal credit limits that were hampering growth.
The Challenge
- Internal credit limit gaps
- Perceived cost issues
- Uncertainty around limit stability
Our Response
- Full Market Review with increased limit amounts requested
- Fast turnaround required, due to pending high value orders
- Key multi-retail exposure highlighted early to insurers
The Result
Non-Cancellable option
TMHCC not only delivered on premium and credit limits, but they also offered the policy with 6 months non-cancellable limits. So, any limits agreed in the first 30 days of the policy start date are guarenteed for 6 months.
Key retail clients covered
We filled the gaps in the clients’ cover, and managed to agree higher limits with key debtors, to facilitate a more streamlined growth plan.
Pricing on point
Miraculously, after all of the above, we also managed to save the client money on what they were paying the founder for their BDP – it was in fact a saving of circa 40% per annum!
Conclusion
This was a real win-win for all parties involved. The funder not only has a happier client, but they also have more certainty with the 6 month non-cancellable limits. The client is over the moon as they have a better policy, with higher limits and have managed to save 40% in the process. A great result all around.
