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.
 

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

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