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Energy Procurement - Credit Insurance
How Credit Insurance plays its part
The current climate has changed purchasing options to such a degree that suppliers are even choosier as to whether they price and even this it is highly dependent on Credit ratings available.
As the suppliers were already making very low margins, with increased Credit Insurance fees they are becoming even more risk adverse and so this risk is often passed back to the client by way of higher prices or requiring Security Deposits.
In simple terms a supplier must have CI in place before being able to price any client unless they have exemplary credit history with good profit margins. Currently it can take as little as company accounts being filed late at Companies House for a high risk to be perceived by the CI’s.