With business costs rising and insolvency numbers still higher than normal, many companies are feeling the strain of late payments. If you trade on credit terms, one unpaid invoice can cause disruption, especially in the current climate.

That’s why now is a good time to take a closer look at Trade Credit Insurance.

What Is Trade Credit Insurance?

Trade Credit Insurance protects your business if a customer can’t pay you, whether that’s due to insolvency, long-term non-payment, or for exporters, political events.

It’s there to support your cashflow and reduce the impact of bad debt.

Why It’s Especially Important Right Now

Market conditions are shifting, borrowing costs remain high, and many sectors are seeing slower payments than this time last year. Even customers you’ve traded with for years can run into problems without much warning.

Having the right cover in place means you’re not left exposed if things change quickly.

What Trade Credit Cover Can Do for You

A good policy can:
• Reducing the financial hit of unpaid invoices
• Supporting growth by allowing you to offer credit terms with more confidence
• Monitoring the financial health of your customers
• Strengthening conversations with lenders and investors

When to Review Your Set Up

Much like your fire risk assessment, your approach to trade credit shouldn’t be something you set once and forget about. It’s worth reviewing if:

• You’ve taken on new customers
• Order values have increased
• Payments are starting to take longer
• You’re entering new markets
• You’ve noticed signs of pressure in your sector

If your exposure has changed, your protection should reflect that.

How Pollensa Can Help

Trade Credit can feel complex, particularly if you’re dealing with lots of customers or fast-moving markets.

We help businesses understand where their risks sit and arrange cover that fits the way they trade.