Trade Credit Insurance
Trade Credit Insurance: Protecting Your Business from Unpaid Invoices
All businesses that sell goods and services on credit terms should consider Trade Credit Insurance.
Even the most rigorous credit management cannot completely prevent bad debts. Any business exposed to credit risk should ensure they are protected with Trade Credit Insurance.
Trade Credit Insurance covers your accounts receivable, protecting your business from unpaid invoices due to customer bankruptcy, default, political risks, or other agreed reasons. It is also known as:
- Debtor Insurance
- Export Credit Insurance
- Accounts Receivable Insurance
Commercial Risks Covered
We arrange cover for commercial risks, ensuring security and confidence against the following:
- Insolvency
- Payment default
Export and Political Risks Covered
We provide full protection for our export clients. Export and Political Credit Insurance is the safest option when an overseas buyer does not want to establish a Letter of Credit and prefers to trade on an open account or Documentary Collection basis.
We arrange security against the following export and political risks:
- Contract frustration due to war or riots
- Inconvertibility of currency
- Cancellation of import/export licences
- Default by a government-owned buyer
- Contract cancellation by the buyer’s government