Trade Credit

What is trade credit insurance?

Trade credit insurance cover is a practical measure for protecting business liquidity in the event of non-payment of accounts receivable by a key customer.

Why do I need trade credit insurance?

Any company that sells goods or provides services on credit terms is at risk of non-payment due to the insolvency of a key customer (liquidation, receivership or bankruptcy), payment default or continued non-payment by customers.

With trade credit insurance you have the assurance of a guarantee on accounts receivable, freeing up your working capital to pay down debt, invest or as a basis for expanding your business.

Trade credit insurance also enables exporters to protect themselves against political risks including contract frustration, export restriction, currency inconvertibility and exportation.

The Gallagher trade credit insurance practice delivers tailored insurance solutions to protect your business by providing stability through assurance of payment and further opportunity for growth through expanding sales channels and volumes, making it a valuable strategic tool for increasing turnover and profitability.