Trade Credit

Confidence to trade. Freedom to grow.

Trade credit insurance. The opportunity your business needs.

Trading on credit relies on trust, but what if a customer doesn’t pay? Relax. Our trade credit insurance helps cover the shortfall, reduce bad debts and power your growth (helping your finance team sleep tighter at night).

With Howden, you’ll receive proactive market intelligence, insights, and updates to help you choose customers and set terms, so you can trade confidently and free up cash reserves to grow your business. All delivered with transparent, personal service from our expert and dedicated team.

Protection for cashflow. Confidence to trade. Freedom to grow.

It’s more than insurance – it’s your opportunity to thrive.

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What is Trade Credit insurance

Learn more about the benefits of Trade Credit insurance

What does Trade Credit insurance cover?

Trade credit insurance policies indemnify a seller of goods or services against their buyers’ failure 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

Industries where credit insurance is particularly important:

Agriculture & horticulture
Construction
Financial services
Food & drink
Manufacturing
Oil & gas
Paper & printing
Recruitment
Retail
Wholesalers
Logistics/distribution
Textiles
Pharmaceuticals

Trade Credit insurance: a strategic approach

There’s more to trade credit insurance than just protracted defaults and insolvencies. The support and tailored insights we offer you the opportunity to thrive.

Our support, your success
Our dedicated specialists provide a truly individual service. As an employee-owned business, our people are personally invested in helping you succeed.

Creating confidence through transparency
Insurance can be complicated. Here at Howden, we talk in your language, so you can feel certain about how your trade credit insurance policy helps – and when to claim on it.

Getting greater value for you
We ask the right questions to help you get the credit insurance cover limits that suit your business best. And use our relationships with insurers to maximise the value of your policy.

When payment doesn’t appear, we do
If a customer defaults on payment and you need to claim, we move fast. We understand the importance of a speedy response to keep cash flowing.

Factors affecting Trade Credit insurance pricing

Current credit management processes and losses
Client base
Contract frustration/repudiation
Arbitration
Currency inconvertibility and non-transfer
Trade disruption

Howden can help you assess your risks around each client and deliver a cost-effective package bespoke to your needs.

While we strive to drive down premiums the emphasis is always on the quality of cover – there’s no point in buying a cheap cover only to realise you’re not covered when you come to claim, due to unforeseen policy exclusions.