Search

logo
Scroll

Trade Credit Insurance

Trade Credit Insurance Protects Your Business Against the Potential Misfortunes of Your Customers

If you trade or sell goods on a credit basis, you’re at risk of bad debt or non-payment by customers. This can disrupt your cash flow and leave you out of pocket. Trade credit insurance can help protect your business.

Who should consider it?

All registered businesses that sell goods and services on credit terms, such as 30 days to pay, should consider trade credit insurance. This includes businesses that trade domestically and internationally. Some trade credit insurance policies also offer the bonus of working with designated collection agencies to help you recover your debts – taking the pressure off this difficult and time-consuming process.

What isn’t covered

There are exclusions. There is also often a deductible or excess and limits on cover, so check with your Guardsafe Insurance Broker.

What can it cover?

Depending on the policy, trade credit insurance can be either:

  • Comprehensive cover: Protecting your entire credit portfolio, including domestic and export customers
  • Excess of loss: Suitable for businesses with strong internal credit management processes who want to cover exceptional loss across their entire portfolio