Trade Credit Insurance

Sell business-to-business with credit terms? Trade credit insurance protects your cash flow from customers not paying.

5/5
I moved my insurances to Consolidated brokers because I received the best service one could ask for. (...) reassured that me and my company will be in good hands. see more
TOP BROKERAGE 2022 & 2023
The resource of choice for the country’s most forward-thinking insurance professionals.
TOP BROKERAGE 2022 & 2023
The resource of choice for the country’s most forward-thinking insurance professionals.

Trade Credit Insurance

Talk today with our team to find the right kind of insurance that will suit your needs.

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What is Trade Credit Insurance?

Trade credit insurance provides a safety net for the income of businesses that offer credit payment terms to business clients. It covers your trade, so you have the certainty of getting paid if your client doesn’t pay.

By protecting your cash flow, trade credit insurance allows you to operate confidently and focus on growing and improving your business. It can also increase your borrowing capacity with banks by guaranteeing your receivables.

Trade credit insurance providers often partner with debt collection agencies, who will step in to help you recover debts, and credit check services may be offered as part of your policy benefits.

Total premiums for this type of cover start at around $10,000; so these policies are best suited to businesses with high values of credit or receivables, especially in the construction industries.

What can be covered

What may not be

Get started with Trade Credit Insurance

By protecting your cash flow, trade credit insurance allows you to operate confidently and focus on growing and improving your business

Trade Credit Claim Example

Mark is a glazier with an ongoing contract with a large commercial builder to supply and install glass in new office buildings. The builder uses their unequal bargaining power to impose 60 day payment terms on Mark.

After completing a large $75k project, Mark submits his invoice through to the builder for payment and at day 60, he doesn’t receive payment as expected.

As Mark has trade credit insurance, he contacts his insurer to notify them of the default, and they appoint their collection agency to chase the builder. Mark has peace of mind knowing he will get most of his $75k invoice paid either by the builder, or his insurer if they can’t recover within 30 days.

Not only does he avoid a long legal battle at his own expense, he can be confident of receiving his payment in a reasonable time!

Why Choose CIB?

Consolidated Insurance Brokers can help by placing you with the best policy for your needs. We’ll find you the most competitive rate possible, and offer advice to ensure your insurance protects what matters.

Our Expertise

Committed to finding you the best insurance solution, our team of knowledgeable insurance brokers will get you the best price available

Your Partner

Safe time and effort by letting our team of expert insurance brokers do the work for you, we can manage your insurance on your behalf.

Clear Terms

We will put an end to the endless jargon, we can help you understand your quotes and policies in clear terms.

Full Cover

We are able to access insurance policies that are not available when buying direct, allowing us to get you a more comprehensive cover and better benefits.

What our clients have to say

109 James Street, New Farm

5.0 540 reviews

  • Avatar Santa Scivetti ★★★★★ 2 weeks ago
    Tracey Eaton has been a delight to deal with, even if we are located in a different state. Highly recommend her and will use her in the future without any hesitations. Thank you Tracey you have been terrific
  • Avatar Garry Parkinson ★★★★★ 4 weeks ago
    Highly recommend Debbie and James from Consolidated Insurance Brokers. Our insurance had tripled according to our previous broker but Debbie and James search tirelessly to find us the best quote to insure our property and … More saved us a lot of stress and money, we cannot thank them enough.
  • Avatar Amanda Milnes ★★★★★ a month ago
    We have been using Consolidated Insurance Brokers for 3 yrs now for our business. Aimee from Consolidated has been amazing to deal with. Explained everything in detail regarding our new insurance policies and what had changed … More since previous year and did her best to source the right outcome for us. Would highly recommend Aimee for all your business insurance needs.
  • Avatar Jo Radovic ★★★★★ a month ago
    Lyn was kind, caring and professional from the minute we started talking. I needed a broker because of extenuating circumstance and she was able to find the right insurer who also understood. I’m now rusted on. I highly … More recommend Lyn Schumann 🙂
  • Avatar Sean Stewart ★★★★★ 2 months ago
    Clayton Rowlings from Consolidated was a pleasure to work with and got me the best car insurance deal in the market by far. His high level of service was impressive and he stayed in touch with me in assistance for nearly … More 1 year while I was deciding what to buy. He was very attentive and super helpful at each step of the way, which made navigating this insurance process easy to understand and finalise. Thanks again, Clayton - highly recommend!

How can we help?

With access to a range of reputable insurers, and policies not available to the public, we can offer you a range of competitive quotes.

We’ll help you compare the price with the coverage offered for each, so you can make the best decision for your needs.

Trade credit insurance is complex and very individual to the policyholder’s business and balance sheet, so it’s important to have an excellent adviser.

For every new business quote and renewal, we break down all important changes and comparisons of your trade credit insurance options for you in plain English.

Frequently Asked Questions

There are many benefits of using a broker over buying directly from the insurer. Insurance brokers:

  • Work on your behalf to secure you better protection through their negotiating power
  • Help you understand your risks and empower you to make better life / business decisions
  • Ensure insurers are held accountable to their promise to protect what you value during claims
  • Save you time and money by taking care of comparing and customising policies for your needs

No Obligations, Completely Free

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