Trade credit insurance, also known as debtor 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.
In today's challenging business environment, companies of all sizes face numerous obstacles that can lead to financial instability, such as increased competition, lower profit margins, higher costs and management errors. The Gallagher Trade Credit team can provide advice on how SMEs can effectively structure their credit insurance program.
Gallagher's market leading policy compliance guidelines assists with implementing processes that review insurance coverage against debtor exposures, along with highlighting payment defaults and potential policy breaches/notifications caused primarily by non-payments.
Our team excels in simplifying complex credit insurance policies, ensuring they meet the needs of our clients.
Trade credit insurance provides cover for receivables in the event of a debtor being unable to pay. There are many other benefits to trade credit insurance other than simple risk transfer, and trade credit insurance is the only product available that provides a return on investment without ever having to make a claim.
Types of cover include:
Trade credit insurance plays an important role in safeguarding the financial stability of SMEs. With our extensive experience, we are uniquely positioned to provide expert advice on structuring credit insurance programs. By partnering with us, you can benefit from improved cash flow management, enhanced credit risk assessment and increased access to financing.
