How did trade credit insurers respond during the financial crisis?

Trade credit insurers helped protect businesses from not being paid for goods and services due to the insolvency of their trading partner or when they failed to pay within the contract terms. ABI figures show ABI trade credit insurers paid £286m to businesses in 2009, helping them to mitigate the effects of not being paid, which could have put the business’ existence at risk. For many businesses at this time, having credit insurance gave them peace of mind, knowing they were protected against the potential financial stress of not being paid.