Trade Credit Insurance

Protecting your
business’ cash flow

Remove the uncertainty

Providing goods and services to customers can leave you in a vulnerable position if one or more of them don’t pay. Although you may be able to manage some of the smaller bad debts, large unexpected losses could be devastating for your business.

Remove the uncertainty

What is Trade Credit insurance?

If you trade or sell goods on a credit basis, you’re at risk of bad debt or nonpayment by customers. This can disrupt your cashflow and leave you out of pocket.

Trade credit insurance is important for protecting your income and business assets against potential customer failure. With the right cover, you can grow your business confidently, knowing you can be protected if things go wrong.

Who should consider it?

All registered businesses that sell goods and services on credit terms, such as 30 days to pay, should consider trade credit insurance. This includes businesses that trade domestically and internationally.

Some trade credit insurance policies also offer the bonus of working with designated collection agencies to help you recover your debts – taking the pressure off this difficult and time-consuming process.

Not all policies are the same. Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer. That’s why our our specialist broking team members get to know your business enabling them to provide considered advice delivering you the best policy for your specific needs.

Touch base with us to learn how we can help you.

HDL, the right partner for you.

Empowering global trade

Protecting your organisation from late or non-payments rises in complexity when you’re operating in multiple countries with diverse business operations. That’s why you need crystal clear visibility and control when managing complex trading agreements.

Through our global reach, we can equip you with relevant market and economic insights, export credit insurance and trade finance to give you peace of mind to focus on your company strategy and operations.

Bringing together our local expertise and global reach for corporates and financial institutions. We work together with you to help you make fast, informed risk decisions that meet globally coordinated compliance standards and optimise your international trade risk management, removing trade barriers.

By way of example, The World Program available through Euler Hermes (a company of Allianz) is a bespoke solution for multinational businesses operating in two or more countries, which want to make more profitable partnerships in a global economy.

Video presentation by Euler Hermes.

What can it cover?

Depending on your policy, trade credit insurance can cover:

Type of cover	Potential benefits
Comprehensive cover	Protecting your entire credit portfolio, including domestic and export customers.
Excess of loss	Suitable for businesses with strong internal credit management processes who want cover for exceptional loss across their entire portfolio.
Key account	Covers Key Account for clients requiring protection on their largest buyers; optional non-cancellable credit limits and deductibles.
Single buyer	Covers single buyer coverage for quality credit risks.

Top 8 benefits of trade credit insurance

Protection: protect your outstanding invoices and get your money lost through bad debt replaced quickly
Profitability: improve profitability by safely increasing your exposure to more customers
Information: benefit from regular updates on the financial health of your customers and prospects
Credit control: enhance your existing credit control procedures and manage customer payments more confidently
Competitiveness: remain competitive by offering open credit terms when your competitors can’t
Growth: facilitate your expansion by dealing confidently with new clients and increasing credit lines to existing ones
Funding: reassure your financial partners to facilitate access to funding
Peace of mind: optimise the recovery rate of your unpaid invoices and release yourself from the collection of your invoices

Did you know?

40% of a company’s assets can be in the form of trade debts. As a result, there is a greater chance that a business will experience a loss within its accounts receivable than any other asset.

Receivables Trade Credit & Surety (RTC)

Receivables Trade Credit & Surety (RTC) is an authorised representative of Horsell Duffy Langley operating as a specialist Advisor and Broker on all Trade Credit Risks and Surety Solutions.

Led by David Pulver, who has over 30 years experience in advising companies on their risk management procedures and systems, RTC helps clients avoid bad debts and have been involved in settling many large credit risk claims.

The RTC team have assisted Financiers and Contractors requiring the enhanced support of well rated Insurers. These enhancements have been used to assist receivables financing, project financing and contractor guarantee obligations.

The RTC team are always available to assist on advisory and broking assignments.

Contact RTC for more information

Complimentary Review

Securing optimal insurance protection is becoming more challenging.

Having a fresh set of eyes can make a dramatic difference. HDL welcomes the opportunity to evaluate and challenge your current risk and insurance program in a confidential manner that avoids disrupting existing relationships.