Protecting your business against the risk of unpaid trade debts – from both national and international sales - protects your profits and cash flow, enhances credit management, and increases your confidence to sell into broader markets.
Trade credit risks are not uncommon and can arise from insolvency (liquidation, receivership and bankruptcy); protracted default (continued non-payment) and even political risks in the overseas export market.
Marsh Advantage Insurance can arrange trade credit risk management and insurance solutions to align with the nature of your business. We can even arrange for an independent assessment of the financial viability of your debtors. Various insurance solutions are available including:
Traditional whole of ledger cover
Major debtor cover
Specific debtor cover
Catastrophe cover (aggregate first loss)
Supplier default (anticipatory credit)
Let us take the burden out of your trade credit risks. Contact us today!