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Category: Credit Insurance

Trade credit insurance offers a level of certainty in an uncertain economic climate

With UK insolvencies rising and ongoing uncertainty in parts of the economy, increasing numbers of businesses are taking out trade credit insurance to protect themselves against the risks associated with selling goods and services on credit. It’s an area that TL Dallas is an expert in, and we’re currently supplying trade credit insurance to clients […]

Our Credit Insurance team welcome new members

Bringing a total of 30 years’ experience to the company, Jonathan Grant and Sandie Cater-Wright join our Credit Insurance team in Bradford’s headquarters. The appointments follow a period of growth we’ve seen in this division, which is expected to continue into 2022. Joining from Bibby as a Trade Credit Account Handler, Sandie brings extensive experience […]

The real value provided by credit insurance

New unsecured creditor figures illustrate the value of trade credit insurance. New research by InfolinkGazette has indicated that the recent failures of Pretty Green Limited, Freemont Ltd, British Midland Regional Limited (t/a Flybmi), Better Bathrooms, Ubercasual Limited (t/a Jack & Jones), Blenheim Homes North East Limited, El Ganso (Acturus Retail (UK) Ltd),

Kier Group KIE share price lowest since the 1990’s

December 2018 signified a share price of 409p and yet June 2019 evidenced a crash all the way down to 161p. Is it a case of ‘Kitchen Sinking’? With a new Chief at the helm, Andrew Davies has signified the company’s falling profits, rising debt and higher costs in one swift move. Perhaps he is being more pragmatic in his findings since undertaking the role in March this year, coming in and seeing things in a harsher, realistic light. However, it’s not uncommon for a new boss to portray a dark picture soon after arriving, to then depict themselves as saviours to investors on the precarious path ahead.

No deal no British Steel

Greybull offered a mere £1m to save the company whilst requesting £75m from the Government which was subsequently reduced to £30m. There’s a culmination of problems facing the steel industry at the moment, with the value of sterling, coupled with European/US Trade Tariff’s causing uncertainty.

The importance of credit risk protection

This article recently published in Construction Enquirer highlights the impact that bad debts and insolvencies can have on suppliers.
Proline, reported to be owed vast sums, have placed the business into administration – highlighting the need for credit risk protection.

Trade credit insurers pay out a record £1 million a day to help UK firms stay afloat

Whatever you hear about Credit Insurance underwriters reducing risk exposure, the reality is that exposure has increased significantly over the last decade and the other side of this can be seen in the claims now being paid. An interesting article as this represents the collective experience which is the reality of what all in the industry are experiencing right now. Not a time for the feint hearted!

"Caledonia Dallas has been an invaluable partner in managing our complex insurance needs. Their team consistently demonstrates deep industry knowledge and exceptional attention to detail. They work seamlessly with our business, ensuring comprehensive coverage tailored to our specific requirements. We have full confidence in their expertise and are reassured by the level of dedication they bring to safeguarding our operations."
Montrose Port Authority
“TL Dallas has provided trade credit insurance for the last 10 years, which has bought great peace of mind, whilst supporting the company’s growth. The TL Dallas team ensures that ACS can secure credit insurance cover for new and existing customers, as well as giving the best advice on slow payers and claims. They have recently helped with an appeal regarding the payment of a claim, helping with cash flow. The pride they take in their work is truly inspiring going above and beyond. Thank you for everything you have done and continue to do for ACS."
Leanne CleghornACS Technology Group Ltd
“We have dealt with TL Dallas for many years and have always found the staff to be very helpful and professional in all that they do. They are able to provide specialist knowledge and a bespoke service tailored to our specific needs, and the fact that they have an office on Shetland is a huge positive.”
Gary SpenceLHD Ltd - Lerwick
“I have been most impressed by the customer service from TL Dallas when a problem was discovered in the bathroom of a property which I own, and which is rented out. They were very patient when personal issues caused a delay in a quote coming to them and again when there was a delay with the invoice. We also couldn't be more delighted with the swift payment of our claim by the claims handling team at Aviva.”
“Just a brief note to say how grateful I am for all your help sorting out the hotel policy this year. Over the years I have valued your cooperation in getting not only the most appropriate cover but at the best price.”
“I immediately recommended TL Dallas given the experience and the excellent service levels we have enjoyed at our company.”
“Three generations of Whitby Morrison have worked with TL Dallas for insurance needs. The support and service received just gets better year on year. The team are always on hand to offer guidance and advice whilst scouring the market for the perfect balance between price and product.”
“As a business we have worked with several members of the TL Dallas team, and yet it always feels like you’re dealing with the same person. The transition is always seamless, and their customer knowledge is second to none. As a client, you really do matter to them.”
"Whether you’re an established business, just starting out, publicly or privately owned, TL Dallas will take care of your every need, product, and price.”
Ed Whitby
“I just wanted to say once again how impressed I always am with your team – no matter who I speak to – and I think that’s very special. Your team are always excellent with their service and we always tell as many people as possible about you! I just wanted to pass this on, as you are clearly doing something very right and have been for a long time!”
“Thank you for your excellent service over the years.”
“Thank you so much for all your help and ongoing advice. It is so good to have someone advising us who is local and has so much understanding, not only of the business, but all the other influencing factors, as well and who totally understands what our business needs.”
Mary SharpShetland Control Systems Ltd
“TL Dallas has offered us consistent, transparent, and clear advice over the years. A trusting partnership was established from day one and we feel assured that we have value for money alongside the cover we need, which in turn gives us peace of mind.”
James RycroftManaging Director, Vida Healthcare.
We have been dealing with TL Dallas for over 30 years and have always found them to be efficient. They have created insurance policies that are tailored to our needs, which has helped us evolve the company. Like every business, you only find out how good an insurance company is when you need to make a claim. This has been effortless when this has occurred and I strongly recommend TL Dallas for your insurance needs.
Peter DurkinManaging Director, Mini Gears (Stockport) Ltd
We are so grateful that you helped to resolve a situation that was causing us great concern. After being badly let down by our previous insurance provider, and after seven months of emails, phone calls and lost documents, we decided to try elsewhere. After only one week of contacting TL Dallas, we had our policy sorted and at a much lower price, which in this current economic climate makes a huge difference to us. Your professionalism and knowledge of the Social Care Sector is second to none and we are so pleased that we took the decision to move to TL Dallas. We will definitely be recommending TL Dallas to our colleagues within the care sector, and we look forward to a long and enduring working relationship as we move our business forward.
Phoenix Day Care CICAdult day care provider
“Second to none service from this company. Always sourcing the best prices for us and helping us to procure the best insurances to suit the needs of our company. Extremely professional and helpful staff. We wouldn’t hesitate to recommend them.”
Simon Kelman Plumbing & Heating Ltd
"Caledonia Dallas have delivered outstanding service to us since day one of trading in our new business. Local people who understand the totally unique way of operating business in the Highlands & Islands. I would highly recommend Paul and all his team to anyone!"
BDL Tyres Ltd
“We have dealt with Michael now for the past 10 years and during that time, he has taken the time to learn about all aspects of our business and provided his knowledge and advice along the way, thus enabling us to concentrate more on what we do best. As we have expanded and grown over that time into the successful company we are today, it’s great for us to have Michael there on the other end of a phone (day or night) always available to offer valuable advice.”
Loch Shiel Garage 2010 Ltd
“Michael has serviced our Insurance needs for over 20yrs now, it’s great for us to be able to have a local contact who is only a short distance from us. He has provided excellent advice and a first class service in respect of the insurance needs of our company and we would have no hesitation in recommending Caledonia Dallas to others.”
Lochleven Shellfish (Scotland) Ltd