Trade Credit Insurance

Understanding Credit Insurance

Credit insurance provides your business with protection against the failure of a customer (‘the buyer’) to pay you for the products/services you have delivered. This might be because they have become insolvent or have simply failed to pay you within an agreed credit period.

Watch the video: Understanding Credit Insurance


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Key Benefits

Credit insurance does more than just ensure your invoices are paid. It can help your business succeed by providing the following benefits:

  • Safer business growth
    Credit insurance gives you the confidence to expand your sales to new and existing customers and markets. It also enables you to sell on open account terms, which can be a major competitive advantage, especially for exporters.
  • Thorough customer insights
    Our knowledge helps you pick the right customers and make the best decisions for your business. We tell you everything you need to know about your customers, your potential customers and your marketplace to grow with confidence. Our risk information database is a valuable support to your in-house credit management.
  • Optimised risk management
    With a credit insurance policy, you can better control and protect against bad-debt losses. You can minimize your risk when exploring and developing new markets. Credit insurance also gives you the reassurance that your invoices will be paid even if your customers default, which is critical to protecting your cash flows.
  • Better borrowing and financing options
    Your business can secure better borrowing terms with the security that credit insurance provides. In some cases, your bank or lender may actually require credit insurance in order to qualify for a loan.

Get in touch

Contact us to discuss your Credit Insurance requirements
Call us on 029 2062 6226

For a taster of what we can offer, you can provide us with details of 5 of your customers, we will assess them and provide you with an indication of the cover we would provide on each, completely free of charge.

Ask us for 5 free credit checks

About Company

Watkin Davies Insurance Consultants are one of Wales’ largest Independent Insurance Brokers, established in 1978 by Roger Watkins. Since this time we have become one of the leading Commercial and Personal Insurance Brokers in the region and the trusted insurance advisor to hundreds of Welsh and UK businesses and individuals.

Copyright © 2017 Watkin Davies Financial Services Ltd

Head Office

15 & 19 Penlline Road
Cardiff, CF14 2AA
029 2062 6226

Opening Hours

  • Monday-Friday: 9am to 5.30pm
  • Saturday: 9am to 1pm
  • Sunday: Closed