Trade Credit Insurance
Protect Your Business Against Customer Non-Payment Risks
Trade Credit Insurance safeguards your business from the financial impact of unpaid invoices. Whether due to buyer insolvency or geopolitical disruptions, this insurance product ensures your cash flow remains stable and your receivables protected. With customized coverage, efficient claims handling, and global risk protection, it empowers businesses to trade with confidence—even in uncertain markets. It also strengthens your credit management strategy and enhances access to financing by securing your outstanding receivables. Ultimately, it provides the financial resilience needed to support sustainable growth.
Key Features
- Insolvency protection for unpaid receivables
- Stable cash flow even during customer defaults
- Covers commercial and political risks globally
- Improves financing opportunities by securing receivables
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What is Trade Credit Insurance?
Trade Credit Insurance is a financial safety net that protects businesses when customers fail to pay for goods or services bought on credit. These defaults can happen due to insolvency, bankruptcy, or even political instability. The insurance steps in to cover the loss, helping businesses maintain financial health and continue operations smoothly.
Why do you need Trade Credit Insurance?
Protect Against Customer Defaults
Safeguard your receivables when buyers delay or fail to pay
Stabilize Cash Flow
Maintain financial stability even during uncertain trading conditions
Expand with Confidence
Trade freely in new markets with protection against global risks
Enhance Credit Strategy
Strengthen your credit control and access better financing terms
Why choose Insurance Manager to protect your business?
Expert Risk Assessment
Get professional insights to identify and minimize credit exposure
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Customized Coverage Solutions
Insurance plans tailored to match your industry and risk level
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Fast & Reliable Claims Support
Experience hassle-free claims with quick processing and guidance
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Seamless Policy Management
End-to-end support for policy updates, renewals, and reporting
What does Trade Credit Insurance cover and exclude?
Plan Coverage
Buyer Insolvency
Compensates when a customer goes bankrupt, enters liquidation, or faces insolvency.
Protracted Default
Covers non-payment after a prolonged delay beyond agreed terms, affecting cash flow.
Political Events
Protects against payment failure due to war, civil unrest, or embargoes.
Currency Inconvertibility
Secures payments when local currency can’t be converted due to political issues.
Export Restrictions
Covers losses if government bans or limits exports affecting your buyer.
Transfer Restrictions
Protects against situations where money transfer from the buyer’s country is blocked.
Commercial Disputes (limited cases)
May cover losses after dispute resolution or court judgments, depending on terms.
Pre-shipment Risks (on request)
Optional coverage for losses occurring before goods are shipped.
Major Exclusions
Fraudulent Transactions
Losses due to deception, fake orders, or internal fraud are not covered.
Known Buyer Default
No protection if you trade with a customer already flagged as high-risk or in default.
Contractual Disputes
Non-payment caused by unresolved product/service disagreements is excluded.
Government Sanctions
Losses involving buyers or countries under sanctions are not covered.
Deliberate Breach of Policy Terms
Claims may be rejected if policy reporting or credit limits are knowingly violated.
Late Reporting of Overdues
Failure to notify overdue payments within specified timeframes can void coverage.
Unapproved Buyers
Losses from customers not approved under the policy’s credit limits are excluded.
Non-trade-related Debts
Loans, investments, or other financial arrangements unrelated to trade are not insured.
Your Journey to Insurance Manager
When can I Claim?
A claim under Trade Credit Insurance can be registered in the below circumstances:
- Buyer Insolvency : Claim if the customer becomes insolvent or files for bankruptcy.
- Protracted Payment Delay : Claim if payment is overdue for a prolonged period beyond the agreed terms.
- Political Disruptions : Claim if external events like war, civil unrest, or government restrictions prevent payment.
- Unrecoverable Debt : Claim if, despite efforts, the debt remains uncollectible due to commercial or legal reasons.
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