Trade Credit Insurance
This cover can protect your business from the financial loss of a bad debt.
If your business provides its goods or services on credit to customers you could be faced with a situation of that customer not paying your invoice. There can be many reasons for non-payment. But, they can all lead to a significant impact on your business cash flow.
Trade Credit Insurance can assist your business protect cash flow by covering the non-payment of debt following insolvency, receivership, liquidation, bankruptcy and protracted default. Sometimes banks and lenders request this cover to be in place before extending loans or lines of credit.
There can be a few different options with Trade Credit Insurance that include:
-Comprehensive cover for all credit customers
-Excess of loss cover for exceptional circumstances
-Selective Account cover for specific customers
We value the relationships we build with our customers and suppliers
Whilst we’re based in Brisbane this doesn’t stop us managing the insurance needs of clients in Sydney, Melbourne and right across Australia.
General Advice Disclaimer
This information does not take into account the objectives, financial situation or needs of any person. Before making a decision, you should consider whether it is appropriate in light of your particular objectives, financial situation or needs.
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Norton Group Pty Ltd t/as Norton & Co Insurance ABN 11 628 176 787 is an Authorised Representative of Resilium Insurance Broking Pty Ltd ABN 92 169 975 973 AFSL No 460382