Trade Credit Insurance
Trade credit insurance covers businesses against the risk of bad debt due to the insolvency or default of their buyers. Thousands of firms trading within the UK are covered, but this class of business has perhaps been better known for its application to export trade.This cover can be an important tool in credit management and can also provide a replacement of working capital when bad debts and late payment impact on cash flow. In addition, credit insurers provide complementary services such as credit assessment and collections management.