GOLDING MCEVOY

RISK CONSULTANTS

Specialist Credit Insurance Brokers

 

WELCOME

Golding McEvoy Risk Consultants (GMRC) are experts in credit insurance and understand how it can help your business thrive, both by protecting against the disastrous effects of bad debt and facilitating business growth.

 

We aim to improve the customer experience within the credit insurance broking market and to provide the very highest quality service to all of our clients.  With nearly 40 years combined experience in dealing with both direct to insurer clients, and brokered clients, we understand that all clients want the same things; a speedy response, great service, and the best advice.

At GMRC we will not offer different levels of service to our clients depending on their spend. We are committed to providing our best service levels to all of our customers, and we believe that everyone should be treated the same.

 
Consultation

WHAT IS CREDIT INSURANCE?

Trade credit insurance provides cover for businesses in the event of a customer becoming insolvent or failing to pay its trade credit debts.  The credit insurer will monitor each of a policyholder’s insured customers, assigning them each a credit limit, which is the maximum amount covered in the event of an insolvency or non-payment.

WHAT IS CREDIT INSURANCE?

Aluminum Supplier

WHY CREDIT INSURE?

It gives businesses the confidence to extend credit to new customers and improves access to funding, often at more competitive rates. Not only this, but insurers can help to reduce the risk of financial loss through credit management support.

WHY CREDIT INSURE?

Packaging Factory

HOW IS IT PRICED?

The cost of a credit insurance policy is typically a small percentage of insurable sales. The price can depend on several variables starting with the turnover of the business. This is further influenced by additional factors such as the trading and loss history of the company, the trade sector and the customer base.

HOW IS IT PRICED?

 

WHY USE A BROKER

Very few policyholders of any type of insurance would purchase or renew a policy without wanting to know that they have the best cover at the best cost. Equally, a significant proportion of the underwriters will not issue a Credit Insurance policy without a broker.

 

A specialist Credit Insurance broker will work for their clients and use their experience to negotiate better terms and premiums than you would get from an Underwriter.

At GMRC we work on behalf of our clients and pride ourselves in our ability to proactively manage all aspects of your Credit Insurance policy, not just in the sales process, but also on an ongoing basis throughout the life of the policy. Additional support is provided to negotiate credit limit cover, and pre-vetting all claims to maximise and expedite claim payments.

Brokers are remunerated directly by the Insurers to manage their client’s policy. The cost of the broker is NOT passed on to the client by the insurer.

London City

BENEFITS OF CREDIT INSURANCE

CASHFLOW

CASHFLOW

It provides an additional 'wrap' around your existing credit management to improve your days sales outstanding.

Insurers have access to detailed information on millions of companies around the world.

INFORMATION

INFORMATION

It allows you to expand safely and confidently with new customers, both domestic and abroad.

GROWTH

GROWTH

Allows you to sleep at night knowing your unpaid invoices are insured.

PEACE OF MIND

PEACE OF MIND

Having credit insurance allows you to negotiate better terms with your bank and other funders.

FUNDING

FUNDING

 

Improve your profitability by increasing your sales with trading more.

PROFITABILITY

PROFITABILITY

Fundamentally, it's there to replace money lost through bad debt as quickly as possible.

PROTECTION

PROTECTION

It allows you to be more efficient by helping you make the right decisions quickly.

SPEED

SPEED

Offer credit terms to customers when potentially your competitors can't.

COMPETITIVENESS

COMPETITIVENESS

It  gives you the knowledge and comfort to sell new products to new customers, maybe even in new countries.

CONFIDENCE

CONFIDENCE

WHAT PEOPLE SAY
Container Ship

C.B. | Food Manufacturer

Dave's ability to promptly assess, action and formulate a result are all attributes we highly value.

Clothing Rack

S.N. | Fashion Retailer

Always available,

always aware,

always current

and totally approachable.

Engineer Working on Machinery

D.T. | Machinery Wholesale

Highly proactive, your service has given us the confidence to grow our business further.