Trade credit insurance is more important today, arguably, than at any time since the global financial crisis over a decade ago. Trade tensions featuring the world’s two biggest economies (China and USA), Brexit and fears about an impending recession have created an uncertain business environment in which insolvencies are on the rise.
If a business is not protected against one of its customers going bust, then the consequences can be serious. Late or non-payments can become a big problem, with estimates suggesting that more than half of UK SMEs are owed money from late payers, amounting to more than £250 billion outstanding (Source: The Credit Protection Association). Trade credit insurance can provide a vital financial safety net that you can use to mitigate this worst-case scenario.
With 1,500 risk experts worldwide in more than 50 countries, Euler Hermes supports your business growth by:
- allowing expansion into wider export markets
- extending higher levels of credit to financially solvent businesses
- helping you monitor your existing customer’s financial stability, giving you confidence to get ahead of the competition
We’ve partnered with Euler Hermes to provide Trade Credit Insurance.
Available to Relationship Managed customers only (typically with annual turnover greater than £2m).