Trade Credit Insurance
If you are a registered business that sells goods and services on credit terms (e.g 30 days to pay) you should consider trade credit insurance. This can protect you against bad debt and non-payment by customers disrupting your cashflow.
In order to save you time, some trade credit insurance policies offer for you to work with designated debt collection agencies.
Depending on your policy, trade credit insurance can cover:
- Comprehensive cover: Protecting your entire credit portfolio, including domestic and export customers.
- Excess of loss: Suitable for businesses with strong internal credit management processes who want cover for exceptional loss across their entire portfolio.
- Key account: Covers Key Account for clients requiring protection on their largest buyers; optional non-cancellable credit limits and deductibles.
- Single buyer: Covers single buyer coverage for quality credit risks.
