HSBC launches on-line credit for SMEs

HSBC Insurance Brokers has touted itself as the first broker in the UK to launch a fully interactive, on-line credit insurance service for small and medium-sized (SME) businesses, with annual credit sales of between £500,000 and £6m.

The product, called Cover Credit, has been designed to protect SMEs based in the UK, the EU and other agreed export countries against the risks of non-payment, safeguarding them against bad debts and protecting cash flow and profit.

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