Late payments on trade credit can damage your cash flow, protect your finances with our trade credit insurance services. Trade credit insurance is a specific type of insurance cover which protects your company against ‘bad debts’.
This type of insurance offers clear benefits and peace of mind for all businesses in uncertain financial times, especially those companies which would be seriously compromised if their cash flow was suddenly reduced or slowed.
Generally speaking, trade credit insurance from ABA Group will cover your company when your clients cannot settle their invoices. The exact qualification criteria for a claim will vary. Some policies will pay your company when the debtor formally enters administration, receivership, or makes an arrangement to pay creditors voluntarily. However, we can also source cover which will cover lengthy periods of non-payment by your client if you require extra peace of mind.
Trade credit insurance can be extremely beneficial for companies who work with high-value contracts, as well as any companies who rely on substantial invoices being settled in a timely manner to keep their own business in a healthy financial position.
Contact ABA Group today or call us on 01204 364 842 and speak to an experienced insurance adviser for a trade credit insurance quotation.