If you sell trade or sell goods on a credit basis, you're at risk of a bad debt or non-payment 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 your protected if things go wrong.
All registered businesses that sell goods and services on credit terms, such as 30 days to pay, should consider credit insurance. This includes businesses that trade domestically and internationally.
Some trade credit insurance policies also off the bonus of working with designated collection agencies to help you recover your debts - taking the pressure of this difficult and time-consuming process.
The coverage can vary between each policy. The policy benefits available include:
Exclusions, the excess you need to pay and limits of liability can vary greatly depending on your insurer. Policies generally won't include cover for:
Crucial Insurance is working with National Credit Insurance (NCI) to provide clients with free health checks. NCI has grown as a leader in Trade Credit Insurance with offices throughout Australia, New Zealand and Singapore.
NCI is working with Crucial Insurance to provide clients with a free health check that also includes the following complimentary services:
Click below to claim this offer. If you are an existing client who is interested in Trade Credit Insurance, please contact your Account Manager.
If you would like to get a quote for Trade Credit Insurance policy talk to one of our Crucial Insurance experts today.