Credit Insurance is in Fashion!

CMR Insurance Services will be visiting the Moda fashion exhibition at the NEC Birmingham, where some of our fashion and footwear sector customers are showing their new ranges.

The Fashion and Textiles sectors have traditionally been regular users of Credit Insurance, particularly for exporters, although more businesses now also insure their UK sales, especially since the impact of credit crunch and the difficulties facing the high street retailers. "The UK retail sector can expect carnage in 2012 as the number of insolvencies is expected to outstrip the levels of 2008" - Financial Times, Dec. 2011

Consider the businesses in the sector who failed or were sold in a ‘pre-pack administration’ in recent months; D2 Jeans, La Senza, Barratts, Peacocks, Blacks, TJ Hughes, Jane Norman as well as many others. It’s not all doom and gloom however, with overall retail high street sales rising in December and January.

With the outlook so uncertain, you don't have to risk your business. Credit Insurance is a versatile product and the cover can be tailored to fit the needs of the customer, who may range in size from S, M, L and up to XXXL!