Trade Credit Insurance

If you’re offering credit to your customers, how are you mitigating against the financial risk of unexpected non-payment or delayed payments? Protect your business from the risks associated with extending credit to customers. Our client-focused trade credit insurance process ensures you’ve got the ideal cover for your business.

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Trade Credit

Get peace of mind, quickly and efficiently

  • Straightforward claims process from start to finish
  • Cover up to 95% of your invoice sum
  • Reduce risk and trade with confidence
  • Access our dedicated and experienced claims team

What is Trade Credit Insurance and what does it cover?

Trade Credit Insurance, also known as credit insurance or debtor insurance, is a policy that safeguards businesses against the financial risks of non-payment or delayed payment by your customers.

In the UK, businesses often offer credit terms to their customers, enabling them to pay for goods or services at a later date. However, this can pose a risk if customers fail to pay on time or default on their payments.

By opting for Trade Credit Insurance, you can transfer the risk of non-payment to your insurance company. In the event that a customer is unable to pay, the insurer will cover a percentage of the outstanding debt, providing businesses with financial stability and peace of mind.

Why Choose PIB for Trade Credit Insurance?

Non-payment can have a substantial impact on your organisation, potentially preventing you from paying your employees and suppliers, disrupting your cash flow and straining relationships across your business. It’s something that businesses just like yours across the UK have to deal with every single day.

But it needn’t be a worry.

PIB Insurance are market leaders in brokering agile, bespoke Trade Credit Insurance, designed to cover anywhere from 75-95% of your invoice sum.

You shouldn’t be penalised for another business’ faults. By insuring against non-payment, you can confidently invest in your growth strategy, safe in the knowledge that your cash flow is assured, and financing can be secured, even in the face of unpaid invoices or bad debts.

We’ll become an extension of your team; our people-first consultancy approach means that we will constantly strive to find you the best cover available, tailored to your unique needs.

  • £2bn+ Gross written premium
  • £322m+ Revenue
  • 3,600+ Employees
  • Growing international presence

What are the Benefits of Trade Credit Insurance?

There are several reasons why your business may need Trade Credit Insurance:

  • 1. Financial Security

    Trade Credit Insurance provides an added layer of financial security by mitigating the risks associated with extending credit to customers. It helps to ensure you remain financially stable even in the face of unpaid invoices or bad debts.

  • 2. Improved Cash Flow

    Uncollected debts and late payments can severely impact your cash flow, making it difficult to meet your business's financial obligations. With Trade Credit Insurance, you'll receive claims payment for unpaid invoices, helping to maintain a healthy cash flow.

  • 3. Expansion Opportunities

    If you're looking to expand your business, Trade Credit Insurance can facilitate growth by enabling you to offer credit terms to new customers without worrying about non-payment. This can lead to increased sales and improved customer relationships.

  • 4. Access to Financing

    Lenders and financial institutions may view your business more favourably if you have Trade Credit Insurance in place. By reducing the risk of non-payment, insurers make your business a less risky prospect, potentially leading to better financing options and terms.

  • 5. Competitive Advantage

    Offering credit terms to customers can give your business a competitive edge, especially if your competitors do not offer the same flexibility. Trade Credit Insurance allows you to extend credit with confidence, helping you attract and retain customers.

Get your Trade Credit Insurance quote today

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Trade Credit Insurance Services

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Protect your organisation against non-payment by a select group of customers or key individual buyers.

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Protect your organisation against sudden catastrophic losses, usually as a result of a customer insolvency or default.

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Surety Bonds provide a secure guarantee of payment, safeguarding against defaults in contracts and debt obligations.

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