Credit Insurance & Bonds

In todays challenging economic conditions, more and more businesses are turning to Credit Insurance to help them maintain their finances. Now deemed an essential cover in the construction, manufacturing, wholesaling and exporting markets, Credit Insurance (sometimes also known as Bad Debt Insurance or Export Credit Insurance) provides cover for non payment of debts due to insolvency or protracted default.

As an independent insurance broker, we have access to the whole of the Credit Insurance market to ensure that all underwriter options are considered. Our expertise in this sector also comes to the fore when a claim needs to be made; we can provide invaluable advice on the fairness of a settlement offer and can often help to expedite the claims process.

For further information on Credit Insurance or to arrange a quotation, please contact our Glasgow Office

 

Types of Credit Insurance

There are many different types of cover that can be used to build up a bespoke Credit Insurance policy. Some of the most common are listed below:

Export Credit Insurance - aimed at companies who export, this type of policy provides cover for a single overseas buyer or for all export customers.

Domestic Credit Insurance - provides cover within a local (domestic) market and can also be provided with an integral debt collection facility.

Pre-delivery Cover - This cover is often used when goods are specially made to order.

Catastrophe Credit Insurance - aimed at larger companies with a turnover in excess of £10 million.