Trade Credit Insurance: Protect Your Business from Bad Debt & Insolvency

Why Is Trade Credit Insurance Important?

Many businesses rely on offering credit to stay competitive. However, this exposes them to the risk of late payments or non-payment. Trade credit insurance ensures your business is protected from financial losses due to customer insolvency or default.

Key Benefits of Trade Credit Insurance:

• Protects Profitability – Prevents major bad debts from impacting revenue.
• Improves Cash Flow – Ensures invoices are covered, even if a debtor defaults.
• Reduces Credit Risk – Shields businesses from financial losses due to non-payment.
• Expands Credit Limits – Enables businesses to extend larger credit amounts with confidence.
• Strengthens Credit Management – Helps identify and mitigate potential risks in customer portfolios.
• Enhances Financial Security – Provides additional security when applying for loans or financing.
• Supports Business Growth – Enables companies to expand safely, knowing their receivables are protected.

By working with top trade credit insurance companies, BIS ensures businesses can operate with financial security and peace of mind.

Who Needs Trade Credit Insurance?

Any business that sells products or services on credit terms can benefit from trade credit insurance. Industries that frequently use this coverage include:

• Manufacturers – Protects against unpaid invoices from distributors and suppliers.
• Wholesalers & Distributors – Covers non-payment from retailers and bulk buyers.
• Construction & Engineering Firms – Shields businesses from default on large projects.
• Importers & Exporters – Protects international transactions from political and economic risks.
• Service-Based Businesses – Ensures timely payments for professional services.

Regardless of the industry, credit risk insurance is a critical safeguard for companies that rely on credit sales.

What Does Trade Credit Insurance Cover?

A trade credit insurance policy typically includes:

1. Insolvency Protection

If a customer declares bankruptcy or enters administration, bad debt insurance covers the outstanding payments.

2. Protracted Default Coverage

If a client consistently fails to meet payment deadlines, the policy ensures you recover unpaid debts.

3. Political Risk Coverage (For Exporters)

Protects international transactions from losses due to currency restrictions, trade sanctions, or government interventions.

4. Non-Payment Due to Financial Hardship

Covers unpaid invoices resulting from a client’s financial instability or cash flow issues.

What Isn’t Covered?

While trade credit insurance provides comprehensive protection, certain exclusions apply, such as:

• Payment disputes between the insured business and the customer.
• Fraudulent transactions.
• Sales made without agreed credit terms.
• Sales direct to consumers or Government.

BIS works with leading credit insurance providers to customise policies that suit your business needs.

Why Choose Business Insurance Specialists for Trade Credit Insurance?

With decades of experience in trade credit insurance, BIS is a trusted partner for businesses looking to protect their receivables and reduce financial risk.

What Sets BIS Apart?

• Access to Leading Trade Credit Insurance Companies – We partner with a leading Trade Credit service supplier  to offer the best coverage.
• Tailored Policies – Each policy is customised based on your credit exposure and industry risks.
• Expert Risk Assessment – specialists analyse your customer base to identify potential risks.
• Comprehensive Coverage – your policy aligns with your business structure and credit policies.
• Seamless Claims Support – Experience in claim processing, ensuring a smooth and fast settlement.

At BIS, we don’t just offer insurance—we provide complete credit risk management solutions to keep your business financially secure.

Additional Credit Protection Services

Beyond trade credit insurance, BIS provides additional services through our partner to help businesses strengthen their financial position:

• Commercial Collection Services – Professional debt recovery solutions.
• PPSR Registrations – Protects security interests in goods supplied on credit.
• Coverage Gap Analysis – Helps businesses compare insured credit limits with outstanding debtor balances.

Our goal is to provide businesses with complete protection and risk management solutions.

Get a Trade Credit Insurance Quote Today

Don’t let unpaid invoices and bad debt disrupt your business. With trade credit insurance, you can protect your cash flow, maintain profitability, and confidently extend credit to customers without fear of financial loss. At Business Insurance Specialists, we work with leading trade credit insurance companies and credit insurance providers to secure the best coverage tailored to your business needs.

Explore Additional Business Protection Solutions:

• Business Insurance Package: A comprehensive solution covering multiple risks, including property, liability, and financial protection.
• Marine Transit Insurance: Ensure the safety of goods in transit, protecting against loss, damage, or theft.
• Business Interruption Insurance: Secure your revenue and operations in the event of unexpected disruptions.

Call (07) 3139 3900 to speak with an expert about trade credit insurance or explore Business Insurance Specialists for more information. Safeguard your receivables and secure your business’s future with trade credit insurance from Business Insurance Specialists—your trusted partner in bad debt insurance and financial risk management.