Welcome to 2021, another stop-start year for businesses? I think by now we have all become accustomed to mini lockdowns, circuit breakers and working from home.

2021 is another year of uncertainty. So far, due to government support and protection mechanisms, there have been minimal insolvencies during the Covid period, but will this continue? How much did Jobkeeper and ATO/Bank support relieve the “cash flow” pressure for businesses and, once these are wound back, will we see a new wave of insolvencies and higher unemployment?

As your trusted adviser in ‘all things credit’, NCI are here as your business supporter and friend when you need us most. Whilst Insurers continue to be concerned about what may occur into the future (both domestically and internationally) we will continue to work hard to cover your credit risks via credit insurance or our trade credit solutions products.

NCILink was launched at the end of 2020 (more details below). It is available now for all our clients to ‘link’ all things credit via the one NCI portal. Some key new features (as well as a new look) have been added. Be sure to check it out.

A special feature for all our trade credit insurance clients is ‘CoverGap’. This free service is available to cross reference your aged trial balance to your insured credit limits electronically. A detailed report is returned to you showing any customers which have balances over your insured credit limit (or if you are within 10%), and from there you can action new or increased limit applications. Speak with your Client Service Manager or the NCI Helpdesk on how easy it is to initiate CoverGap.

I wish you all a safe and prosperous 2021.

Kind regards,
Kirk.