Trade Credit Insurance
What is Trade Credit Insurance?
Many businesses provide goods or services on credit terms to facilitate trade. However, credit terms present a risk to your business: If a customer defaults, invoices may go unpaid.
Non-payments can be devastating to the balance sheet. Trade credit insurance provides businesses with protection against the risk of debtor default due to insolvency or non-payment, and the confidence and security to trade on credit terms. It offers vital reassurance that should your customers fail to pay their debts, you will be indemnified.
Types of Trade Credit Insurance
Your business is unique, and so is your policy. Whether you’re an SME, or a multinational corporation, we provide bespoke insurance solutions that best meet your requirements.
No matter what sector you operate in, we provide the security you need to trade with confidence. We discuss your business’ unique needs, assess the areas of concern, and propose the best solutions to minimise these risks.
Single Invoice Insurance?
FinCred IS has partnered with Nimbla to provide single invoice insurance for businesses. Through Nimbla’s digital insurance platform, you can check the credit limit available on a customer and insure individual invoices against non-payment in a fast and affordable way.
The online platform allows you to obtain a quote and purchase a policy in 4 simple steps. Single invoice insurance provides security against your customer’s insolvency for 12 months from the due date of the invoice.
How Credit Insurance can benefit your business
Improves Cash Flow
Protect your business against fluctuations in cash flow caused by bad debts and unpaid invoices.
Trade confidently with new customers and increase trade with existing customers.
Increase exposure to customers safe in the knowledge that this risk is protected.
Delivers Vital Insight
Avoid bad debts with in-depth information on your customers and markets to support your credit management and enable the business to make informed decisions.
Creates a Competitive Advantage
Trade at higher volumes on open credit terms with confidence when your competitors can’t.
Access finance and funding opportunities. Our specialists at FinCred Commercial Finance can assist with your finance queries.
We are a UK based company
Client Retention Rate
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United States of America
What our customers say
“Over the last 6 years we have utilised the services of Financial and Credit. FinCred IS provide us with a highly professional service at all times. Their service levels are excellent and they always strive to secure the best insurance deal possible.”
“We have used FinCred IS as our credit insurance broker for many years. As a specialist in the industry they offer valuable advice and work hard to find the best premium and coverage options from the insurers.”
“We have been a customer of FinCred IS for over ten years and the service is second to none, would recommend them for your insurance needs.”
Adaptable and supportive
“Despite a constantly changing automotive market we have always found FinCred IS to be adaptive and supportive and tailor a suitable scheme to fit in with our requirements. We would not hesitate to recommend FinCred IS as a credit insurance partner.”
“We have used credit insurance for a number of years and have found FinCred IS to be a reliable, proactive partner to obtain the best possible deal and assist with the timely resolution of any claims.”
Please Get In Touch
If you wish to speak to a broker please fill out the form on the ‘Contact Us’ page by clicking the button below.