What is Trade Credit Insurance?

Trade credit insurance – also sometimes called accounts receivable insurance – is different from “insurance” in the traditional sense.

It is a partnership that provides world-class knowledge and data to empower your trading decisions, backed by a reimbursement guarantee should an unexpected customer non-payment occur.

Businesses that choose trade credit insurance benefit from safe sales expansion – at home and abroad – to new and existing customers.

How does it work?

• Customer health check: We analyse the credit worthiness and financial stability of your customers.
• Credit limit calculated: Each customer has a limit which is the maximum amount we will indemnify if that customer fails to pay.
• Business as usual: You trade with your existing customers as you wish, with the risk covered up to the limit.
• Trading limit updates: We keep you informed of adjustments to limits as they may be raised or reduced when conditions change.
• Business building: You check the credit worthiness of potential new customers. We confirm agreement or explain if your request is declined.
• Making a claim: If a customer fails to pay, then you give us full information.  We investigate and indemnify you for the insured amount if policy terms have been met.
  

Interested in Trade Credit Insurance?