Bad-debt can cripple even the best run, most solvent company. Taking out Trade Credit Insurance gives you swift access to replacement cash before permanent damage is done to your business.

A variety of policy types is available covering insolvency or default of both domestic and overseas customers. Policies can include ‘political’ risk cover for exporters selling into politically sensitive markets.

Policy categories include:

.Whole Turnover Insurance
Comprehensive bad-debt insurance covering your entire client base

.Specific Account Insurance
Insurance against the failure of individual customers

.Excess of Loss/Catastrophe Insurance
Credit insurance for those businesses able to sustain ‘reasonable’ levels of payment default

.Principal Customer Insurance
Selective cover for a company’s larger business customers

.Credit Guarantees
Protection for your suppliers against your own insolvency

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Nowadays, even the big companies are not certain with the stability of their business. That being said, it is just wise for these corporations and the like to obtain credit insurance. Credit Insurance is very vital to many businesses when they are dealing with troubling economic times. If your company is bothered about not being paid for goods or services you provide, then Credit Insurance is unquestionably what you need.

All through a recession or an economic slump, there are numerous of businesses that closed down. No one can predict the future therefore you cannot guarantee your customers the great service you have always promised them. A great way to handle the potential risks is to acquire Credit Insurance which protects you if one of your creditors defaults on a payment or goes out of business. This plan protects your company against bankruptcy or default of payment.

Even if business is doing well lately, you cannot always be sure as to what can happen next. Sometimes it isn’t the businesses fault, sometimes when dealing with exports, the government of another country or even your own country might change its policy, which has an unpleasant effect on your business.

So to secure your business against any mishaps, you need to take precautions as soon as possible and purchase Credit Insurance.

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The Atradius Group now has a prominent presence in all major European countries and North and Central America, and a favorable position in South American, Asian and Australian growth markets.