Trade Credit Insurance provides cover for businesses for an insured loss incurred due to non-payment of a domestic or overseas invoice due to the insolvency of the end customer or non-payment after an extended period of delay (protracted default).

The policy can also include political risk cover, pre-credit, or work in progress as well as trade specific clauses to cove r a particular risks within various sectors usually associated with various trade sectors.

There are a number of types of policies available. These include whole turnover, single or multi debtor, export, domestic, group programmes, catastrophe, losses arising, losses attaching, balance outstanding, top up or syndication.

Increase numbers of policies are used to secure receivable funding as it proves a degree of added comfort to increase working capital availability to support sales growth.