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 
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

 

Trade credit

Secure your greatest financial asset

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

Analyst in action studying graphs on screen

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. 

Expert knowledge to defend your interests

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

 

Go bespoke and save

Speak to a specialist advisor today

Contact Us

Make an enquiry

Area
CAPTCHA
7 + 2 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
HOWDEN MAXI INSURANCE BROKER CO., LTD.

Ladprao Branch (Head Office)
2222/9 Ladprao Road, Plubpla, Wangthonglang, Bangkok 10310 Thailand
 +662 793 8888
 +662 793 8899
 [email protected]

CW Tower Branch
90 CW TOWER 39th Floor, Unit A 3901 Ratchadaphisek Road, Huai Kwang Bangkok 10310 Thailand
 +662 793 8888
 +662 793 8822
 [email protected]
 Location

Phuket Branch
9/99 Moo 5, Tambon Ratsada, Muang Phuket, Phuket 83000 Thailand
 +6676 201 942-950
 +6676 201 901
 [email protected]
 Location

Work with us