Trade Credit Insurance

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

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.

campaign creators pypeCEaJeZY unsplash | Commercial Property & Building Insurance Broker

What can be covered

What may not be

CIB staff e1639633924148 | Commercial Property & Building Insurance Broker

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.

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!

martin kozon uqxDd1A4m00 unsplash e1639808394713 | Commercial Property & Building Insurance Broker
Our Specialty

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.

Great advice

As brokers, it's our job to give advice. We always aim to deliver great, not just 'good', advice.

Your partner

We manage your insurances so you don't have to — save precious time and effort.

clear terms

Your renewals, quotes and policies will be delivered in clear, easy English — no more confusion.

full cover

With a broker, you get more comprehensive cover and benefits not available if buying directly.

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

What our Customers Say

109 James Street, New Farm

5.0 478 reviews

  • Avatar Natalie Smith ★★★★★ a week ago
    Aimee Spencer has been helpful above and beyond expectations. Her patient and responsive attention to my multiple requests has meant that my business insurance renewal has been processed easily and efficiently. Natalie … More Smith
  • Avatar Jen Gower ★★★★★ a week ago
    Jim was able to negotiate a much lower premium than my previous insurer (with better cover). His advice and communication was clear and straightforward. Highly recommend his service.
  • Avatar Roelie Schrijnders ★★★★★ 2 weeks ago
    We have dealt with Tracey on several occasions, and each and every time she has been such a pleasure to deal with. Always helpful, positive and everything provided in a timely manner. She follows up where needed and usefull … More without ever being pushy.
  • Avatar Parthesh Patel ★★★★★ a month ago
    I have been dealing with Debbie Blanco in Consolidated Insurance Brokers. She has always been very helpful with any query or questions. I would highly recommend her for excellent customer service, product & service knowledge, … More prompt in responding, great in communication, and always comes up with competitive insurance deals / prices.
  • Avatar Carmel Drake ★★★★★ a month ago
    Our business insurance has been handled by Consolidated Insurance Brokers for many years now. This year Aimee Spencer made our yearly renewal very easy with her guidance in our understanding of exactly what was covered and … More included with each Company's different Quotes. Appreciated .... thank you!

Get in touch

Get a Reply within 60 minutes.

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

Or Call our friendly team today on: