Trade Credit Insurance

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What is trade credit insurance?

Trade credit insurance covers your receivables due within 12 months so that your cash flow is safeguarded.

Our information tracks the financial health of your customers and we update you so that you can trade with confidence.

If your customers become insolvent or fall into protracted default, you will be indemnified for the cost of goods and services you have delivered.


Top 10 Reasons to Buy Trade Credit Insurance

1. Protection
Ultimately, we are there to quickly replace money lost through bad debt

2. Speed
It helps you make the right decisions more quickly, improving efficiency and ultimately profitability

3. Peace of Mind
Feel safe in the knowledge that your outstanding invoices are protected

4. Funding
We help in securing trade finance which improves banking relationships and access to finance

5. Profitability
Improve profitability by safely increasing your exposure to more customers

6. Competitiveness
It helps you remain competitive by enabling you to offer open credit when your competitors can't

7. Growth
It facilities expansion with security and allows you to deal confidently with new clients and increase credit lines to existing ones

8. Information
You gain access to greater customer intelligence that leads to balanced risk decisions

9. Cash Flow
It complements and enhances existing credit control procedures to improve Days Sales Outstanding's

10. Confidence
It provides you with confidence to enter new markets, including overseas

How does it work?


Customer health check

We analyse the credit worthiness and financial stability of your customers.


Credit limit calculated

Each customer has a limit which is the maximum amount we will indemnify if that customer fails to pay.


Business as usual

You trade with your existing customers as you wish, with the risk covered up to the limit.

Trading limit updates
We keep you informed of adjustments to limits as they may be raised or reduced when conditions change.


Business building

You check the credit worthiness of potential new customers. We confirm agreement or explain if your request is declined.


Making a claim
If a customer fails to pay, then you give us full information.
We investigate and indemnify you for the insured amount if policy terms have been met.

 

Customer testimonials

 

Watch the video on how Abbey Glass, a bespoke glass and glazing business based in South Wales, use credit insurance.

 

Find out about the challenges our customers face and how our credit insurance solutions help them:

MORE CUSTOMERS STORIES

 

Why work with us?

Global leader

70+

countries worldwide

Predictive insights

40m

businesses monitored

Solid foundation

AA

Standard & Poor’s rating

Discover how we can help you

Get in touch Want to know more?

Call us:

0800 056 5452

or

please fill out this short form and we will be in touch.

At Euler Hermes we value your time and will try to respond to your enquiry on the same working day. ​

Some questions may take a little longer to answer, but we ​aim to provide you with a response within 3 working days.

The risk of non-payment is always present even when you believe your customers are trustworthy businesses. Trade credit insurance covers you for commercial and political risks that might prevent payment of monies owed to you. With our trade credit insurance you can avoid customer insolvency and mitigate non-payment risks. We monitor the financial health of your customers and grade them to provide you with a simple scoring system. You can then set trading limits to control the size and frequency of orders you will accept, whether from new or existing customers. We monitor the grades constantly and inform you of grade changes based on the financial challenges your customers may be facing. You can then adjust your trading limits to manage the credit risk. We also offer debt collection services to support your own processes and optimise payment rates. Your banking and commercial relationships will improve when you have trade credit insurance.