Trade Credit Insurance Policies
Trade credit insurance policies are designed to protect a business following insolvency of an insured debt.
Insolvency covers all forms of formal administration including liquidation, receivership, bankruptcy and compromises. If you’re providing credit terms to your customers and trade debtors have a substantial impact on your balance sheet, Trade Credit Insurance can help to protect the company’s profits and cash flow.
It also provides additional security for funding and may allows funding solutions to be secured to sales and not assets. Trade Credit Insurance is suitable for many businesses including wholesaling, manufacturing, transport and service industries.