Trade Credit Insurance (sometimes termed “Bad Debt Protection”) is the right solution for you if:

• your business trades with other companies on credit terms;
• you worry about non–payment of trade debt;
• you have recently suffered a bad debt;
• a bad debt could do serious harm to your company.

Trade Credit Insurance policies cover the risk of non-payment due to your customers’ insolvency and, usually, protracted default (i.e., non-payment six months after the original payment due date).

The cover is typically provided on 90% of the net debt due (ie not including any VAT element) less a first loss of between £500 and £1,000 per claim.

We offer access to a full range of Insurance products designed to protect your business.

In difficult economic times, the risk of even a previously prompt paying customer failing should not be overlooked.

Invoice finance solutions such as factoring or discounting will advance up to 90% of the value of your invoices, but if the customer fails to pay, any advance needs to be addressed; for this eventuality, Credit Protection is the solution.