Trade Credit Insurance
Trade Credit Insurance protects against the direct financial loss resulting from the insolvency or non-payment from a customer/buyer for commercial trading terms up to 360 days.
Standard policies cover the following events:
- Insolvency of a buyer;
- Protracted default (the non-payment of an account after a specified period of time)
Policy structures can accommodate trade credit and political risks (as they pertain to trade transactions).
Trade credit insurance protects balance sheet assets by mitigating customer non-payment risk. A company’s growth can be propelled when an insurer takes higher level of risk on your buyers than you might otherwise tolerate. Used as a financial tool, a credit insurance policy may unlock additional financial flexibility on a bank line, and potentially support innovative working capital solutions.
Address your risk mitigation and financial engineering goals with a policy tailored to suit your needs.
Through our membership in the International Credit Brokers Alliance (ICBA), Cowan Trade Credit partners within a global network to structure solutions for multinational companies.
ICBA is the world’s largest team of independently-owned specialist trade credit insurance brokerages.