Tradw
credit insurance

If you trade or sell goods on a credit basis, you’re at risk of bad debt or non-payment by customers. This can disrupt your cashflow and leave you out of pocket.

Who should
consider it?

All registered businesses that sell goods and services on credit terms, such as 30 days to pay, should consider trade credit insurance. This includes businesses that trade domestically and internationally.

Some trade credit insurance policies also offer the bonus of working with designated collection agencies to help you recover your debts – taking the pressure off this difficult and time-consuming process.

Trade credit insurance is important for protecting your income and business assets against potential customer failure. With the right cover, you can grow your business confidently, knowing you can be protected if things go wrong.

What can it cover?

Comprehensive cover

Protecting your entire credit portfolio, including domestic and export customers

Excess of loss

Suitable for businesses with strong internal credit management processes who want cover for exceptional loss across their entire portfolio.

Key account

Covers Key Account for clients requiring protection on their largest buyers; optional non-cancellable credit limits and deductibles

Single buyer

Covers single buyer coverage for quality credit risks.

Did you know?

59.8%

On average, 59.8% of Australian businesses pay their bills on time, while 9.5% pay more than 60 days beyond invoice terms.

(Dun & Bradstreet, Late Payments in Australia, Dun & Bradstreet 1st Quarter Analysis, 2017)

15.3

The average late payment time for Australian businesses is 15.3 days late.

(Dun & Bradstreet, Late Payments in Australia, Dun & Bradstreet 1st Quarter Analysis, 2017)

Payment

Big to small payment times showed a clear pattern of larger firms paying smaller firms at a delayed rate; big companies paid other big companies even later.

(Dun & Bradstreet, Late Payments in Australia, Dun & Bradstreet 1st Quarter Analysis, 2017)