Trade credit insurance explained
As a growing business with a turnover of up to GBP 10million, it’s important you have robust insurance in place that enables you to trade, confident you are protected against bad debts or late payment.
Trade credit insurance is a business insurance which provides protection against a loss due to non-payment of a trade debt by a business (not private individual) customer. The loss suffered can be due to any form of customer insolvency (for example, administration or receivership) or simply against payment default by your customer.
If you grant credit to your business customers, we would like to offer you CoverCredit, a trade credit insurance and risk management solution developed especially for businesses like yours. CoverCredit combines credit insurance with credit assessment and collections management services, to give you a robust solution to managing your trade debtor risks.