Trade Credit Insurance

What is Trade Credit Insurance?

Trade credit insurance protects your business from the risk of their customers not paying their invoices. If a customer can’t pay due to insolvency, refusal or an inability to pay under the terms of the contract, the insurance helps cover the loss, ensuring your business does not suffer from unpaid debts. This allows you to trade more confidently, knowing there is a safety net in case something goes wrong with payments.

Why have a Trade Credit Insurance Policy?

A trade credit insurance policy protects your business from non-payment risk while allowing you to expand confidently, both domestically and internationally. With this policy, you can increase sales safely by extending credit to more customers and offer more flexible payment terms to competitors. Insured receivables also make securing bank financing easier, giving your business a valuable competitive edge.

What kind of Credit Insurance Options are available?

Short Term Credit Insurance – Protects receivables due within 12 months against non-payment from commercial or political risks, suitable for SMEs through to multinationals.

Mid Term Credit Insurance – Covers medium-term capital goods or leasing transactions against breach of contract or unpaid invoices, up to 60 months.

Advanced Payment Protection – Safeguards contractual prepayments made to suppliers in anticipation of goods or services.

What are the benefits of having a Trade Credit Insurance Policy with Allianz Trade?

We partner with Allianz Trade, the global leader in trade credit insurance. With an unparalleled intelligence network monitoring over 289 million companies, Allianz Trade helps you trade securely and reduce exposure to customer default, so you can lead with insight and not just instinct. Allianz Trade also helps cover the loss if a customer can’t pay and handles claims through a fast, transparent process. Backed by an S&P AA credit rating and trusted by 75,000+ businesses, Allianz Trade enables you to maintain business as usual while helping you grow with confidence.

Why choose Pelican for your Trade Credit Insurance cover?

Having a proactive broker can help you streamline the administration further and help ensure that your cover is never compromised by errors or omissions. This helps achieve the most comprehensive cover at a great price and helps you successfully navigate any claims when the need arises.

Finally, of course, you would receive the legendary friendly and exceptional service from the fabulous team at Pelican!