Fault and Non-Fault Insurance Finance

Trade Finance Global

Trade Finance Global / Finance Products / Fault and Non-Fault Insurance Finance

Fault and Non-Fault Insurance Finance

We work with companies who receive a proportion of their work or payments from insurance companies; this can be in relation to both fault and non-fault insurance work. We have many companies that work on insurance related jobs and contracts; so we assist with the financing of their transactions.

Many companies who work with insurance companies trade with unpredictable revenue streams – the result of this is difficulty in relation to knowing what work may be taken on, paying staff and general expansion of the business. We work with companies such as car garages, removal firms and building companies. We assist in structuring a finance package to suit their needs.

Trade Finance Global has extensive expertise of creating finance packages to suit companies and our customers can be confident that we are well positioned at the heart of the industry; working with many of the best funders in the market. We know that some debt providers will not fund fault or non-fault insurance contracts, as the debt is not easy and straightforward like other asset classes.

The relevant funders in the market that we work with have an in-depth knowledge of the insurance market; and the associated payment terms. Therefore, we have the ability to offer flexible finance arrangements that work with many different types of companies. We can work with any size of company and see each client as unique. We will attempt to identify what the needs of the client are and will attempt to find a suitable financing package in order to work with them.

  • You are looking for a finance facility
  • You have an established trading company
  • The business is creditworthy
When a company works with insurance contracts, payment terms can be difficult to predict or may be far in the future. Therefore, when a company has the knowledge that they will receive a lot of work, they may want a business loan in order to fulfill this influx in work or after work is complete; they may want a factoring or invoice discounting company to work with them in order to receive funds prior to the insurance company paying them. Due to the unpredictable nature of work, seasonality and possible long payment terms, a finance facility may be used. This may allow smooth trading and growth; the type of facility will depend on the needs of the client.

Testimonials

We had funders say that they would not work with non-fault insurance contracts. The fundamental difference between fault and non-fault is that a fault contract may be a car crash, where one driver is at fault. Conversely, when someone crashes into a lamp post, this is non-fault! Trade Finance Global had the ability to understand the needs of the company and create a suitable financing package. Having a finance facility keeps customers happy and stimulates the business in moving forward. This is a more complex industry than most and I’m happy that it was broken down and looked at it with an air of simplicity.
Kevin S, Vehicle Repairs.

Case Study

Car garage, Middlesborough

We employ a few people and get a number of insurance related contracts. From a revenue perspective, it is great. However, payment is usually longer than dealing with normal business customers. A smart invoice discounting facility has allowed us to have certainty when it comes to payments and taken away a headache, due to the uncertainty of the business.

insurance finance

Benefits of Insurance finance

  • No security or directors guarantee required
  • Invoice discounting or stock finance available even if the banks may have refused
  • Our partners get you competitive market rates
  • Fast turnaround – get insurance finance in less than 24 hours

What is Supply Chain Finance?

Summary
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Aggregate Rating
5 based on 3 votes
Brand Name
Trade Finance Global
Product Name
Fault and Non-Fault Insurance Finance
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