Protection against non-payment
Trade Credit Insurance
Trade credit insurance is the insurance product that businesses purchase in order to protect themselves against the risk that a buyer defaults on a payment obligation.
Trade credit insurance policies enable businesses to extend insured credits to their customers and simultaneously reduce the risk of default payments.
Benefits of Trade Credit Insurance
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Expert assessment of credit risks
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Development of new markets in different industries
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Increased market penetration
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Access to expert advice on collection techniques
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Increased improvement of quality
of customers therefore less incidence of bad debt. -
Lower legal costs through improved
buying power of collection services. -
Enhanced financing mechanisms by
providing added security to finance providers.
Product Types
Whole turnover
Whole turnover credit insurance will give you a percentage of coverage for your entire balance sheet to ensure that your working capital is not at risk.
Selected part of turnover
Selected trade credit insurance covers a selected part of your company’s domestic sales, specific division or a particular product line.
Selected buyers
Cover can be restricted to the turnover made with a number of selected buyers. It is cover only for the insured’s largest x numbers of buyers.
Single buyers
Single contract cover, where the policy covers only one single transaction with a single buyer.
We assist with the following
Secure or increase funding by insuring one of your largest assets – your trade debtor book. Provide you with a framework to manage your credit accounts.
Detailed analyses of the sector risks, geographical risks, tools that really work for monitoring and evaluating the risk of your clients defaulting. Strong capacity for dialogue and advice, particularly on the part of the sales staff, the underwriters and credit analysts.
