For businesses that deliver goods or services on credit terms, just one bad debtor can cripple the entire supply chain. In today's economy, maintaining cash flow to grow your business can be a difficult balance.
Our expert advisers, along with highly experienced insurance underwriters, are able to discern good credit decisions, taking the time to understand each and every case. This, together with our economic and industry understanding, means we are able to provide the right advice to guide your business in offering credit to your customers. Meaning that you can safely extending credit & steadily grow your turnover.
Why your business needs Trade Credit cover
In current market conditions, making credit decisions for a company is an onerous task. Trade credit cover minimises your exposure, equipping you to make the right decisions. Through effective credit management and risk transfer, you will have complete assurance every step of the way. The underwriters will perform a holistic credit check on your chosen debtors to ensure you have all the knowledge you need before entering into any agreements. The unique, market-leading products we offer allow businesses to buy insurance on a selected debtor basis – that’s cover tailored to your bottom line. This policy could also allow you to inject the cash flow you need, when you need it, by acting as security.
The benefits include:
- Cover for businesses of all sizes across most industries.
- Competitive and negotiable rates.
- You'll find our unique range of comprehensive insurance policies are designed and selected to cater for your specific personal and business needs.
- Expert Insurance Management from a team that cares.
What makes this cover different?
Our unique Trade Credit policy gives you selected debtor trade credit insurance, allowing you to select the risks you want to insure and to set your own limits. Unlike our other policies, you can select the cover you need, from your full debtor book or specific individual debtors. Your risk will be priced on individual debtors so that you can determine the correlation between risk and cost, making the right decision for your business.
What about claims?
With this policy you can rest assured that you are paid when you should be paid, either directly by your client or through a claim. Once a point of undisputed indebtedness has been reached, this policy pays out claims without waiting periods, allowing you to keep your lights on and your wheels turning.
There are four events that can trigger a claim:
- A signed acknowledgment of debt from your debtor,
- A court judgment against your debtor,
- Business rescue or
As soon as a debt is overdue, we will assist you with submitting a claim to the insurer. The insurer will manage the pre-legal file at their cost. Claims then become payable when the debt is undisputed.
How to get covered
Simply click on the button below, complete the short form, & one of our expert advisers will get in touch to discuss you cover options.
What you need to know ... These are just some of the most frequently asked questions we receive about our cover.