Help protect your business against the misfortunes of your customers
If you trade or sell goods on a credit basis, you’re at risk of bad debt or non-payment by customers. This can disrupt your cashflow and leave you out of pocket.
Trade Credit Insurance protects your debtors ledger, one of the largest assets your business can carry. The cost of bad debt needs to be counted as more than simply the loss of money you were due to receive. Ask yourself now what would be the consequence of one of your largest customers failing to pay you?
Who should consider it?
All registered businesses that sell goods and services on credit terms, such as 30 days to pay, should consider Trade Credit Insurance. This includes businesses that trade domestically and internationally.
Some trade credit policies also offer the bonus of working with designated collection agencies to help you recover your debts – taking the pressure off this difficult and time-consuming process. as much more than simply the loss of money you were due to receive. The impact is immediate and can put stress on your cashflow
What can it cover?
Depending on the policy, Trade Credit Insurance can offer security against:
Whatever your services or products are, we can help with a credit risk management solution to suit you.