Many businesses these days still trade and sell goods on a credit basis, but the danger of this is that you, as the business owner are at risk of bad debt or having customers simply not pay. The knock-on effect is obvious with non-payment leaving you out of pocket and disrupting your business’ cash flow.
All registered businesses, trading domestically and internationally, that sell goods and services on credit terms need to consider trade credit insurance.
A typical Trade Credit Insurance policy will provide cover:
For more information or to arrange cover for you or your business, please contact us and speak with one of our team members.
