Trade Credit insurance

Bespoke Trade Credit insurance can inject confidence and power new opportunities, especially in businesses that trade internationally. We also offer a wraparound service to help you expand safely, at a pace that suits you. 

Solid Trade Credit insurance is as much a growth strategy as a defensive measure

What does Trade Credit insurance cover?

Trade Credit insurance policies compensate a seller of goods or services if their buyer fails to pay, either through insolvency or protracted default. Policies are designed on a sales turnover basis.   

Cover options include:

  • Whole-turnover
  • Selective accounts 
  • Single contract 
  • Domestic/ export 
  • Political risk 
  • Special risks
How does Trade Credit insurance work?

We will analyse your clients’ credit risks, and set a credit limit for each of them. You continue to trade with your clients as usual. If one of your clients defaults on a payment up to their agreed credit limit, you notify us. We will work with the insurer to organise a debt collection and get you your money back. 

If the debt collector can’t collect all of the payment that you were due, we can help you submit an insurance claim. In this instance, the insurer could pay up to 90% of the insured debt and the collection expenses.

A major buyer defaulting on its payments is one of the most frequent causes of company insolvency

Trade Credit Insurance protects your business’ future – because you never know what the future holds.

Industries where credit insurance is important:
  • Agriculture & Horticulture
  • Construction
  • Financial services
  • Food & Drink
  • Manufacturing
  • Oil & Gas
  • Paper & Printing
  • Recruitment
  • Retail
  • Wholesalers
  • Logistics/distribution
  • Textiles
  • Pharmaceuticals 
We also have specialists ready to help with: 
  • Surety bonds
  • Supplier default
  • Tenant default


Secure your greatest financial asset

Most companies' biggest asset is its unpaid sales ledger, often 40% of the business' value

Trade credit
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Find the real risk. Transfer it.

We'll analyse your client book and design bespoke cover for your real risks

Benefits of Trade Credit insurance

Securing this asset can improve your lending relationships with banks and investors, as well as your customer relationships. 

Why choose tailored Trade Credit insurance? 

Taking a tailored approach is more cost-effective compared to selection on a whole turnover basis, whereby the entirety of your sales is considered under the blanket of one monolithic policy with identical, often rigid, terms and conditions.

Every client, every deal is different. Sometimes subtly, sometimes dramatically. 

There are endless variables in contributing to a successful business. 

Engaging an experienced broker like Howden to negotiate on your behalf to get you the right cover for your specific needs. 

Expert knowledge to defend your interests

With so many variables, often you don't know what you don't know. 

For example, supplier disputes can be an exclusion on many policies. However, the precise definition of what counts as dispute varies from insurer to insurer. This is the sort of expert knowledge a talented broker brings – representing your interests the whole time.   

Bespoke service in Trade Credit insurance means having an experienced broker going through your client book and helping you work out where the real risks are.

Client relationships are different

Your clients will have different requests and terms. 

Your trade credit insurance should be set up to account for that. For example, you could have deductibles (excess) for some clients, but not others.

There’s more to it than just protracted defaults and insolvencies – having access to market insights before you complete deals can help you train your sales efforts on companies that have a good reputation for paying up.

Solid Trade Credit insurance is as much a growth strategy as a defensive measure


We’re approachable, insightful and won’t dive in to the hard sell

Got a question? We're always happy to help

Get in touch today

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Speak to a specialist advisor today

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+852 2877 2238

We'll put you in touch with the person best equipped to help.

Call us on +852 2877 2238 or drop us a quick message and we'll get back to you asap

Visit us at: 35/F Citicorp Centre, 18 Whitfield Road, Causeway Bay, Hong Kong