Benefits that help your business to grow
- Your bills will be paid and your cash flow will be protected.
- As well as peace of mind, it also gives you the confidence to extend credit to new customers, which will help your business to grow.
- It can make it easier to access additional funds because it gives banks more confidence in your business.
- It reassures other businesses in your supply chain, which will know your company is effectively managing risk. That can mean more or bigger orders.
Covering two types of risk
Trade credit insurance is designed to cover two types of risk that your business faces:
- Commercial risk.
- Political risk.
Commercial risk means the risk to your business if your customers do not pay their bills due to declared financial difficulty. This could be a failure to pay completely or failure to pay within the terms of the invoice.
Political risk means the risk to your business if your business is not paid because of something outside of your customer's control. For example, this could be as a result of political unrest or war. It could also be because of a natural disaster, like a hurricane or flooding.
Trade credit insurance from the experts
As a specialist trade credit insurance broker, we'll give you expert guidance on what your business needs to survive and thrive. We can quote for an individual trade credit insurance policy or include it as part of your complete business insurance package. You can complete the form below or call us on 0117 955 6835 to get your free detailed quote today.