What is trade credit insurance?

Trade credit insurance protects you against customers failing to pay for goods or services provided on a credit basis, usually due to insolvency or lack of funds. It can assist growth by supporting trade with unfamiliar customers or export markets.

Why do I need trade credit insurance?

Any company that sells goods or provides services on credit terms is at risk of non-payment due to the insolvency of a key customer (liquidation, receivership or bankruptcy), payment default or continued non-payment by customers.

Trade credit insurance also enables exporters to protect themselves against political risks including contract repudiation, export or import restriction, currency inconvertibility and public buyer default.

The Gallagher trade credit insurance practice delivers tailored insurance solutions to protect your business by providing stability through assurance of payment and further opportunity for growth through expanding sales channels and volumes, making it a valuable strategic tool for increasing turnover and profitability.

How does trade credit insurance work?

Trade credit insurance policies are generally flexible and allow a policyholder to cover all or part of their portfolio by choosing from:

  • A Business's entire debtor ledger
  • Nominated debtors only
  • Domestic customers only
  • Overseas customers only

What are the benefits of trade credit insurance?

There are multiple benefits to insuring your Trade Debtors:

  • Directors and Shareholders have peace of mind knowing their daily sales are insured
  • Sales grow securely
  • Profits are protected
  • Useful credit information is provided on prospective customers and markets
  • Your financing can be enhanced by assigning the TCI policy to the bank, freeing up funds for more useful deployment

Trade Credit

How trade credit insurance could help your business.

Why choose Gallagher

  • Proven specialists across Australia, backed by international scale
  • We act as your business partner and provide regular updates
  • Quick claims management processes
  • Single point of contact for continuous service

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