Trade Credit

Global trade worldwide has changed tremendously and even more so in recent challenging times. In unpredictable economic cycles like today, businesses still need to deliver performance with security for sustainable growth consistently. With the backing of trade credit insurance, companies can effectively protect their balance sheets and be adequately safeguarded against threats such as credit risk. You can grow your business despite an uncertain economic outlook with Trade Credit Insurance.

Trade Credit Insurance is an excellent financial risk management tool. Even the most rigorous and disciplined credit management cannot prevent bad debts. Any business with these exposures should ensure they are protected with trade credit insurance. It puts cash back in your hands if your customer fails to settle your invoice.

In choosing the appropriate Trade Credit Insurance coverage with competitive terms that suit your business needs, it is crucial to speak to an experienced risk adviser with the necessary understanding of your local market and industry. Contact us today for a free consultation on how Trade Credit insurance works.

Trade credit insurance policies indemnify a seller of goods or services against their buyers’ failure to pay, either through insolvency or protracted default. Policies are designed on a sales turnover basis.

Most Trade Credit cover options include:

1. Whole-turnover
2. Selective accounts
3. Single contract
4. Domestic/ export
5. Political risk
6. Special risks

There are factors affecting trade credit insurance pricing, and they include:

1. Current credit management processes and losses
2. Client base
3. Contract frustration/repudiation
4. Arbitration
5. Currency inconvertibility and non-transfer
6. Trade disruption

Secure your unpaid sales ledger, and your most significant financial assets today with our expert advice! Book an appointment with us today!