What is trade credit insurance?
Trade credit insurance protects businesses that supply goods or services on credit terms. If a customer fails to pay or becomes insolvent, this cover helps protect your cash flow and your bottom line.
What does trade credit insurance cover?
- Non-payment of trade debts
- Customer insolvency
- Protracted default
- Bade debt losses
- Cover for domestic and export sales
- Support with credit management
Who needs trade credit insurance?
Any business that sells goods or services on credit terms is exposed if a customer fails to pay. It is particularly valuable if a large share of your turnover sits with a small number of customers, or if a single bad debt would put real strain on your cash flow.
How much does trade credit insurance cost?
The cost is usually based on your annual turnover, your trade sector and the spread of customers on your ledger. We compare the market to find the right level of protection at a competitive price.
Speak to our team today to understand your options and get a trade credit insurance quote.