Trade Credit Insurance (TCI) sometimes referred to as accounts receivable insurance, debtor insurance, or credit insurance protects businesses when a customer fails to pay because of bankruptcy, insolvency, or destabilizing political conditions.
Trade Credit Insurance
Trade credit insurance protects your account receivables enabling you to trade, expand domestically and abroad without the risk of bad debt.
What is Trade Credit Insurance
Our Trade Credit Insurance enables you to offer B2B credit terms with confidence by insuring your trade receivables due within 12 months.
If a customer fails to pay, whether it’s due to insolvency, refusal or an inability to pay under the terms of the contract, a Trade Credit Insurance policy indemnifies your losses.
Trade Credit Insurance also informs your credit risk decisions through powerful insight on who to extend credit to and what limits to offer.
How does Trade Credit Insurance work?
Trade Credit Insurance is tailored to the needs of your business, informing daily credit management decisions as you trade with new and existing customers.
Benefits of Trade Credit Insurance
How much does Trade Credit Insurance cost ?
How your premium is determined:
- Your B2B turnover
- The countries where you operate
- The type of customers you deal with
- Your payment terms
- The desired coverage percentage
Trade credit insurance price calculator
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Credit insurance offers invaluable protection when B2B customers fail to pay.
Growth can be risky without it but what would be the annual cost of trade credit insurance for your business?
Get that answer here, in a matter of minutes.
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Your company’s characteristics: : Turnover (US$) Payment terms (in days) Trade sector
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Your company’s characteristics: : Turnover (US$) Payment terms (in days) Trade sector
This price indication is not legally binding and is not an offer of the proposed terms of cover. The indicative price is subject to applicable premium levies on the premium element and local taxes on the service fee element (the split between each is not shown in the price indication). Any offer of proposed terms of cover that we may issue will be subject to (amongst other things) receipt by us of a fully completed and satisfactory Proposal Form. Actual pricing may vary from the price indications given once we assess individual circumstances. The information contained herein is not intended to be complete descriptions of all terms, conditions, limitations or exclusions and is provided for general information purposes only. The trade credit insurance policy issued resulting from the estimate above will be underwritten by Euler Hermes trading through its branch Euler Hermes, Hong Kong Branch with a principal place of business at Suites 403-11, 4/F, Cityplaza 4, 12 Taikoo Wan Road, Taikoo Shing, Hong Kong which is a general insurer authorized and regulated by the Insurance Authority of the Hong Kong Special Administrative Region. Euler Hermes Hong Kong Services Limited is a licensed insurance agency (licence number: FA3434) appointed by Euler Hermes.
Euler Hermes is a limited company registered in Belgium (Company Number: 0403.248.596). Euler Hermes is also registered as a non-Hong Kong company with a Hong Kong Companies Registry Number of F20088.
Seamless Coverage for Your Growing Success
For small
businesses
If you’re concerned about bad debts holding your business back, peace of mind is a step away. Our hassle free solution is designed to cut the time you spend managing customer debts.
For medium and large businesses
Use Trade Credit Insurance to protect cash flow and receivables, find out how it works and how we provide tailored risk management solutions for bigger companies.
Manage risk for international business
Exclusively for organizations operating across 2+ countries with business turnover over £500 million, our expert team knows and will adapt according to your complex financial structures.
Most asked questions
Trade credit insurance protects your accounts receivable against the risk of non-payment due to insolvency or protracted default, while giving your business the insight and confidence to grow revenues with new and existing business customers.
Acting as an early warning system for potential payment issues, trade credit insurance allows you to trade safely with new customers, trade more with existing customers and expand to new sectors or export markets.
We start by assessing the creditworthiness and financial stability of your customers, in order for us to underwrite safe credit limits on them, with risk coverage up to the agreed limit.
We provide regular updates on those trading limits, adjusting them based on changing conditions. And we support your business growth by repeating this process for new customers.
In the event you tell us about a non-payment for an insured customer, we investigate, and if policy terms are met, we indemnify you for the insured amount.
Any business that sells goods or services on credit terms to other businesses can benefit from trade credit insurance. This includes businesses of all sizes and all industries, from small and medium-sized enterprises to large multinational corporations.
Trade credit insurance covers your business against the risk of non-payment by your customers due to insolvency, protracted default, or, where applicable, certain political events.
The cost of trade credit insurance is based on a number of factors including the size and nature of your business, the creditworthiness of your customers and the trading limits you need.
It’s calculated for your business and the way you trade and is based on a percentage of your sales, generally a fraction of 1%. So, if your sales were £2 million last year and you wanted to cover that entire amount, the premium would usually be less than £10,000. But remember, premiums can go up or down from year to year.
Getting a price indication with us online is quick and easy for you to in a matter of minutes on our website: Trade credit insurance price calculator.
It’s calculated for your business and the way you trade and is based on a percentage of your sales, generally a fraction of 1%. So, if your sales were £2 million last year and you wanted to cover that entire amount, the premium would usually be less than £10,000. But remember, premiums can go up or down from year to year.
Getting a price indication with us online is quick and easy for you to in a matter of minutes on our website: Trade credit insurance price calculator.
Why work with us?
DEDICATION
75,000+
Corporate customers
Corporate customers
INSIGHTS
€1,400 billion
Business transactions protected globally
Business transactions protected globally
ASSURANCE
AA Rating
by Standard & Poor's
by Standard & Poor's
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Export credit insurance helps companies remain competitive by offering open terms when letters of credit or prepayment may have previously been the only safe way to do business. In fact, foreign companies buy an average of 40 percent more when they are offered open terms, according to the World Trade Organization (WTO). Export credit insurance providers (trade credut insurer or debt collection agancy) protect your sales from political risks, including import/export changes and foreign government intervention. Whether you have export credit insurance or not, there are still many ways you can take steps to mitigate business risk while doing business internationally. Exercising the following precautions of credit management can only benefit your business and help you protect your cash flow management and finances while expanding your growth even more.