Credit Insurance & Trade Credit
Cover against companies failing to pay you due to liquidation or receivership. Without this insurance, your company could face financial difficulties if your customers fail to pay what they owe.
Credit Insurance: What you need to know
Credit Insurance will protect your company against the failure of your customer to pay their trade credit debts owed to you.
Debts may arise from your customers becoming insolvent or failing to pay within agreed terms and conditions, or it may be that one of their customers has failed to pay them; standard cover given is up to 90%. Credit Insurance is not a legal requirement but it can protect against customer not paying or failing. It also gives the benefit of risk monitoring and debt collection.