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TRADE CREDIT insurance

Bad debt can cause businesses not just to suffer, but, in the worst cases, fail. That’s why many companies seek the reassurance and protection of trade credit insurance.

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RBIG Trade Credit Insurance Solutions

Designed to safeguard your cashflow and wider financial health, credit insurance protects against both non and late payment of invoices for products and services.

It is playing an increasing role in defending corporate financial wellbeing, serving business of all sizes and in all sectors, from SMEs through to Blue Chips and multi-nationals.

In January 2020 the Association of British Insurers reported that trade credit insurance had helped UK businesses mitigate against the impact of record-breaking bad debt. It found that the average value of claims had soared by 200%, reaching an historic high of £67,500.

Protect and grow your business

Unusually, credit insurance is a product that can not only protect your business, but help it grow. That’s because it arms you with the reassurance of a stable cashflow and to court new clients with confidence.

In addition to providing reassurance to you, credit insurance can give lenders greater confidence in your business. Our expert team can advise you on how you might secure new, or extend existing credit

As an RBIG client you’ll also benefit from the trust and respect we have forged over 40 years with key credit insurance underwriters. Working in partnership with them, we can provide you with invaluable insights into the specific credit risks you face and the financial status of both existing and potential clients.

RBIG’s credit insurance solutions

Our dedicated, specialist team, comprising highly experienced trade credit insurance professionals offers a bespoke, 360-degree service.

This includes a rigorous assessment of your business and sales ledger operations together with a professional analysis of the credit risk presented by your existing client base. This confidential report will assist you in determining where and how much cover you require. Our expert team will then present your specific risk profile to the leading trade credit insurers on our extensive panel.

This market, as with all in the insurance sector, is constantly evolving with the benefits and terms subject to change.

With RBIG by your side, you’ll benefit from a wealth of experience to help you find the best credit insurance solution for your business. Our advice may help you secure better rates or give access to new sources of funding.

Once your policy is in place, we’ll be a pro-active partner, providing full administrative support to ensure the efficient and effective management of your cover.

Should you suffer a bad debt or need flag that you have become aware of a client trading issue, our in-house claims service will be on hand to offer expert guidance and support.

With expertise in securing multi-million-pound settlements, RBIG’s highly experienced team is proficient in delivering both UK and export credit insurance solutions.

Credit insurance options

Our extensive experience and market knowledge mean RBIG have access to an impressively broad range of credit risk protections and complementary financial services.

These include:

  • Whole turnover credit insurance – fixed-term cover to protect all or a significant percentage of credit sales
  • Single risk credit insurance – to cover a single invoice or buyer
  • Worldwide cover – overseas export insurance
  • Supplier default cover (advanced payment protection) – covers payments to suppliers against insolvency or default.
  • Surety bonds and guarantees
  • Top up cover – a flexible tool allowing you to extend the credit limit on your policy
  • Invoice discounting

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RBIG’s extensive experience, professionalism and commitment to service excellence provides welcome reassurance that you’ll benefit from the best advice, cover and price. It’s insurance expertise that puts you at ease.
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Experienced and expert in the provision of general business insurance, our dedicated team also boasts a broad range of sector-specific specialisms.
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We’re proud to have served the business community for 40 years. Our proven pedigree enables us to provide clients with time-tested risk management strategies to best protect their corporate assets, liabilities, profits and investments.
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