Protect your business against debtors who fail to pay outstanding debts due to insolvency, bankruptcy or defaulting.
Credit protection (also known as trade protection) safeguards against commercial, political and economic factors that prevent clients from meeting their debt obligations. It protects cash flow, supports business growth, gives deeper insight into your debtors book (due to extensive credit vetting by your insurer) and lowers business risk, which can give you access to better credit services.
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WHAT ARE THE OPTIONS?
- The cost of credit protection varies depending on the policy you choose and its pricing structure (e.g. your premium may be calculated as a percentage of sales or outstanding accounts).
- You can insure both good and marginal debtors.
- You can customise credit protection cover to suit your specific business needs (e.g. insure certain buyers, transactions or amounts).