Does Your Business Operate In The Automotive Aftermarket Industry?
Whether you are involved in vehicle aftermarket manufacture and remanufacture, distribution of automotive parts, servicing and repairing vehicles, installation of parts, we can offer trade credit insurance that protects your cash flow and minimises the risks to your business.
Why Do You Need Automotive Aftermarket Insurance?
For any business that operates on credit terms, there is a risk that invoices are left unpaid or paid late. This hit to your cash flow can have detrimental knock-on effects and put your automotive aftermarket business into a negative financial situation.
What Automotive Aftermarket Insurance Might We Recommend?
FinCred offers three main trade credit insurance solutions that businesses operating in the automotive aftermarket industry can benefit from:
- Single Invoice Insurance
- SME Insurance for turnover up to £5 million
- Trade Credit Insurance for turnover in excess of £5 million
Each solution is tailored to protect your business against the risk of trading on credit terms by providing protection and reassurance that should your customers fail to pay their debts, you will be indemnified.
Why The IAAF?
The Independent Automotive Aftermarket Federation is an association of vehicle manufacturers, importers of automotive parts and independent garages. The IAAF is dedicated to promoting and securing the interests of its members operating in the independent automotive aftermarket.
If you are an IAAF member, we offer a free consultation on what trade credit solutions would be beneficial for you.
Contact FinCred today for advice on your trade credit risks or to obtain an obligation-free quotation for cover.
