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Why should businesses take out trade credit insurance

To expand sales

Trade credit insurance helps businesses to safely sell more to existing customers or expand to new customers, that may otherwise have been deemed too risky, knowing they are insured should the customer not pay their debts.

To facilitate expansion into new international markets

Trade credit insurance helps protect businesses against the risks of exporting overseas, reducing uncertainty for firms.

To obtain better finance terms

Banks will typically lend more capital to businesses who have trade credit insurance in place.

To receive in-depth knowledge of the marketplace

Trade credit insurers provide businesses with extensive knowledge of companies, sectors and economic trends to help them grow safely.

To protect against non-payment

Should a customer be unable to pay its debts due to insolvency or protracted default, trade credit insurance will pay out a percentage of the outstanding amount owed (typically around 90%).