If you’re new to Trade Credit, then you’re in the right place to find out more. We are often asked what Trade Credit Insurance is, as many companies are simply unaware of its existence.

What is Trade Credit insurance? In its simplest form, it is a way in which companies can protect themselves if customers who owe your company money are unable or unwilling to pay.

Businesses prosper in times of certainty and stability and good cash flow is vital to ensure the smooth running of any business. That’s where Trade Credit insurance can help – it enables you to do business in the knowledge that if your customers don’t pay, you have a back-up plan.

Doing business in the knowledge that if you don't get paid by the customer, the insurer will step in. 

 

There are many reasons people might not pay you – insolvency, lack of cash, or delays in them being paid themselves. So, it’s a huge advantage to be able to put something in place that puts you in control. It’s important to understand that Trade Credit insurance is not a “one size fits all” solution but is a bespoke and personalised service tailored to each company we work with. It’s suitable for businesses with a turnover of more than £500,000 who offer credit to their customers.

Trade Credit insurance is about much more than financial protection. It can provide access to highly valuable reports about the ‘health’ of the companies you are planning to do business with, sector insight and activity in the marketplace – all of which can enable businesses to implement growth plans with confidence, and be in control of the company’s future direction. Trade Credit can free up capital which can be used for growth, making it a genuine asset for your business and enabling you to determine the direction your company is going in. 

All of which means Trade Credit insurance offers certainty in an uncertain world.