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
Trade Credit Insurance Services
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