Free Guide on
Trade fairs and exhibitions provide valuable opportunities for small businesses to showcase their products and …
A Guide to Trade Credit Insurance
Many businesses provide credit to trade customers, enabling them to 'buy now and pay later', but then face the risk that those customers will not pay for the goods and services they have received. Trade credit insurance covers a business against trade customers who fail to pay their debts.
It covers both commercial risk (non-payment for financial reasons, such as bankruptcy and insolvency) and political risk (non-payment as a result of events such as wars, natural disasters and currency shortages).
Trade credit insurance is most commonly used when exporting goods abroad, but can also be used to cover transactions with trade customers within the UK.
This factsheet explains the types of policy available, the benefits of trade credit insurance, insurers’ considerations when issuing a policy and how to arrange trade credit insurance.
Share This Guide
You may also be interested in ...
Free Guide on
One of the major causes of small business failure is running out of cash.
Free Guide on
When a business starts trading, its customers must be provided with an invoice or receipt and copies of these …
Free Guide on
Websites, promotional leaflets, adverts and stationery create an important representation of a business’s image, so …
Free Guide on
There is a wide variety of national schemes that support new business start ups …
Free Guide on
Defining and following a clear marketing strategy for long term success …
