Watkin Davies Logo
Credit Insurance

Credit Insurance

Looking for a quote for credit insurance? Make sure your business is protected if a customer fails to pay.

Why Choose Us?

Watkin Davies works with its Credit Insurance partners to provide bespoke Credit Insurance and/or Advanced Payment Protection across a variety of sectors. Our team of experts work with you to ensure that we put into place a comprehensive policy to compliment your existing commercial insurance programme, or as a standalone policy.

We source compatible solutions from a number of market leading providers, taking into consideration the risk features of each individual organisation we work with, to ensure that we deliver cost effective solutions for our clients.

What is Trade 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.

Trade Credit insurance is about much more than financial protection. It can provide access to highly valuable reports about the ‘health’ of the companies you are planning to do business with, sector insight and activity in the marketplace – all of which can enable businesses to implement growth plans with confidence, and be in control of the company’s future direction.

Trade Credit can free up capital which can be used for growth, making it a genuine asset for your business and enabling you to determine the direction your company is going in.

What Does It Do?

Insurers will pay 90% of the debt excluding VAT. A minimum excess will apply which is typically £500. However, if the insurer’s legal team is successful at recovering the amount, they will recover 100% of the debt.

Typically, this policy would be based on ‘whole of turnover’ however, you can opt to insure only the customers identified as posing the greatest potential risk, or choose only to insure the customer whose default would have the greatest impact.

As part of the policy, the credit insurer will monitor each of a business insured customers, assigning them each a credit limit, which is the amount the insurer will protect them if that insured customer fails to pay. A business can also request at any time a credit limit for a new customer that it would like to start trading with.

Talk to the experts and let us find the right policy for you

Try us out and see how we can help make finding the right insurance cover that little bit easier for you.

Cardiff 02920 626 226
Newport 01633 250 282
Ystrad Mynach 01443 816 099

What Our Customers Say

Google Reviews
79 Reviews

Mal Elwood

1 year ago

"Very efficient, always friendly and helpful. I have used Watkin Davies for years, and they have always been competitive. I received great support recently when I had to make a claim, so I'd highly recommend them."

A Ali

11 months ago

"I was very impressed with the quality of the service - it was outstanding. The advisor, Ms Spear went above and beyond to give me the best driving insurance policy. The policy I have received is exactly what I was looking for. Thank you so much Ms Spear!"

Adam Kearns

11 months ago

"I've used Instructorcover Plus for my driving instructor insurance for a number of years. Not only are prices competitive, even at renewal, but customer service is fantastic. Call operators are always cheerful and incredibly helpful. Everything is always sorted in a single call, saving valuable time. Highly recommend."

Macca Ginger

10 months ago

"Absolutely superb service from the team, particularly Natalie. Very easy and simple process"

steve rudgley

10 months ago

"As aways very efficient"

Barrie P

9 months ago

"I have used InstructorcoverPlus for my driving tuition insurance for a number of years. Their prices are always competitive and everyone I speak to is friendly and helpful."

Kathryn Parkes

9 months ago

"Ceri was very helpful and knowledgeable on the phone"

John Gabriel

7 months ago

"Karrie Brewer was so helpful today, especially as one insurance company would not quote, so had to shop around for us, many thanks"

Sulman Khosty

7 months ago

"Kelly is amazing. Very helpful and friendly, did a great job today with helping me out to get insured. Amazing service!"

Andy Amadi

8 months ago

"Great service. Got my first driving instructor insurance with this firm. Price was competitive and customer service provided by Jane was great. I will definitely recommend the service."

Lynne Turner

9 months ago

"Team were very helpful when it came time to renew my policy, taking the time to check and make any amendments needed. Would highly recommend."

Nikki Mellin

9 months ago

"5 stars!"

Pam Durbin

10 months ago

"Excellent service from Watkin Davies as per usual. I love the way they do all the hard work researching best quotes and provide you with your options. All the staff are very friendly and professional, I have to highlight Ceri who always does a fantastic job for me and my family."

Steve P

11 months ago

"Really helpful and efficient customer service, friendly and knowledgeable too. I would highly recommend InstructorcoverPlus."

Ricki Dango

11 months ago

"I m a returning customer and what a wonderful experience. Emma is new to her role but she was very helpful and polite throughout. She got the quote done very quickly and managed to beat all my other quotations. I therefore didn't have to waste any more time. Further she offered me three instalments at 0% which is helpful in this current economic climate. The paperwork was sent straight away. Highly recommended."

Gary Williams

1 year ago

"Once again, could not have been more helpful! Still a pleasure to speak to a 'real person' who knew what they were talking about!"


Related Services

Agriculture Insurance
Insurance for your Agricultural Business

Looking for a quote for agricultural insurance? We're here to help you with all your agricultural and rural insurance needs.

Charity & Non Profit Insurance
Save money on Specialist

Looking for a quote for charity or non-profit insurance? Giving charities access to specialist support and insurance coverage.

Cyber Insurance
Save money on Specialist

Looking for a quote for cyber & data risks? Make sure your business is protected against cyber crime.

Equine Insurance
Save money on Specialist

Looking for a quote for equine insurance? Insurance solutions to help keep your equine business stable.

Life Sciences Insurance
Save money on Specialist

Looking for a quote for life sciences insurance? Bespoke insurance solutions for the life sciences sector.

Marine Insurance
Save money on Specialist

Looking for a quote for marine trades insurance? Make sure your business is protected with a wide range of marine solutions available.

NPORS - Insurance Scheme
Save money on Specialist

Looking for a quote for specialist professional indemnity? We offer bespoke insurance for NPORS - National Plant Operators Registration Scheme.

Professional Services Insurance
Save money on Specialist

Looking for a quote for professional services insurance? Extra reassurance for those who provide specialist professional services, from Watkin Davies Insurance Consultants.

About Watkin Davies

Watkin Davies Insurance Consultants is an independent Insurance Broker and a trading name of A-Plan Holdings, our head office is in Cardiff, in the village of Whitchurch close to the M4 motorway. The business was established by Roger Watkins in 1978 and is the trusted insurance broker to many individuals and businesses throughout the UK. We are proud of our independent status and pride ourselves on our customer service.

READ MORE

  • We are proud of our claims service, our aim is to provide our customers with a first class service and ensure settlement is met within our customers expectations.
  • We have a highly skilled team, working hard to understand our customers requirements and needs & pride ourselves on customer service.
  • We have access to a comprehensive panel of insurers that allow us to provide cover you need at a competitive premium.
  • The business was established by Roger Watkins in 1978 and is the trusted insurance advisor to many individuals and businesses throughout the UK.

Watkin Davies & InstructorcoverPlus is a trading name of A-Plan Holdings, which is authorised and regulated by the Financial Conduct Authority No. 310164. Registered in England and Wales under company registration number 750484. Registered Office: 2 Des Roches Square, Witney, OX28 4LE. Calls may be monitored and recorded for quality assurance purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.