For any business that relies on customers meeting their payments, trade credit insurance is for you. It protects your business’ cash flow against losses caused by your customers’ insolvency or default on payment. Offering goods and services to customers can leave you in a vulnerable position if one or more of them don’t pay. Although you may be able to manage the occasional small bad debt, large unexpected losses can be devastating to your business. Therefore protecting the life blood of your business (your cash flow) is an important part of managing your business’ risks and ensuring it thrives.

Protecting your cash flow can also positively impact your business in many other ways, including:

• reducing the time and cost of finance by enhancing your balance sheet,

• increasing your sales and profitability,

• improving your credit control and management procedures.

Who needs it

• business owners who rely on customers meeting their payments,

• subcontractors who rely on clients meeting their payments.

Covers that are typically included

• Protracted Default

• Non Payment

• Insolvency/Administration