Banking and Finance

Dedicated Trade Credit Insurance Offer as Chamber joins forces with Parker Norfolk & Partners

Rob Farquharson a Director at Parker Norfolk & Partners

Black Country Chamber of Commerce have joined forces with Birmingham based specialist trade credit brokers, Parker Norfolk & Partners, to provide members with access to a team of financial experts specialising in Trade Credit solutions.

Dedicated to removing substantial risk and helping members to understand the financial, political and payment risks associated with trading in new and unknown territories, PNP understand the devastating effect on businesses following customer insolvency or failure to pay.

The dedicated Trade Credit Insurance product, built specifically for Chamber members, will include preferential premiums, training sessions, advice forums and quarterly seminar events.

As a specialised Lloyds broker accredited with the FCA for 25 years, Parker Norfolk continually build excellent relationships with insurers, allowing them to source cost-effective Trade Credit solutions, cross-border non-payment and Political Risks insurance.

As brokers the team provide impartial advice which could help members unlock boundless potential, not only reimburse companies for non-payment in the event of a valid claim, but provide a cradle to grave approach to inform from the very start of a business relationship – sometimes where companies are deemed financially secure enough to entrust with contracts.

Karen Webb, Director of Business Services at the Chamber said, “We are delighted to be teaming up with Parker Norfolk & Partners to offer this dedicated service to our members.

“This Trade Credit Insurance offer has been carefully selected and designed to provide support for our regional business to trade across borders.”

Rob Farquharson a Director at Parker Norfolk said, “With such challenging times ahead, our close working relationship with the Black Country Chamber of Commerce is focused on assisting its members grow their business whilst trading in confidence.”