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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.
What Our Customers Say
Gary Williams
"Just could not have been more helpful! A pleasure to speak to a ‘real person’ who knew what they were talking about!"
Pam Durbin
"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."
Mal Elwood
"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."
Ricki Dango
"I'm a returning customer to InstructorcoverPlus 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."
Barrie P
"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."
A Ali
"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!"
Steve P
"Really helpful and efficient customer service, friendly and knowledgeable too. I would highly recommend InstructorcoverPlus."
Adam Kearns
"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."
What Our Customers Say
Gary Williams
"Just could not have been more helpful! A pleasure to speak to a ‘real person’ who knew what they were talking about!"
Pam Durbin
"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."
Mal Elwood
"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."
Ricki Dango
"I'm a returning customer to InstructorcoverPlus 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."
Barrie P
"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."
A Ali
"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!"
Steve P
"Really helpful and efficient customer service, friendly and knowledgeable too. I would highly recommend InstructorcoverPlus."
Adam Kearns
"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."
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About Watkin Davies
Watkin Davies Insurance Consultants Ltd. is an independent Insurance Broker, 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 advisor to many individuals and businesses throughout the UK. We are proud of our independent status and pride ourselves on our customer service.
- 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.