Trade Credit Insurance

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As companies look to expand and grow in today’s market, selling goods or services on credit terms has become a crucial strategy. However, with this growth comes increased risks, including non-payment due to customer insolvency, prolonged default, political instability and even acts of war or terrorism. At ZRM Brokerage, we understand the importance of protecting your cash flow from these potential interruptions and that’s why we offer a range of trade credit insurance options to help safeguard your business.

Whether you’re looking to expand into new geographic markets or simply want to protect your cash flow, we can help you make informed decisions today. Our policies can cover both domestic and international trade and can be tailored to include protection for specific customers or industries. In addition to insurance coverage, we also provide risk management services to enhance your sustainability.

What does Trade Credit Insurance Cover?

Trade credit insurance, also known as credit insurance or accounts receivable insurance, is a type of financial insurance that protects businesses from the financial loss caused by a customer’s inability to pay for goods or services provided on credit. The coverage is designed to protect a company’s cash flow and financial stability in the event of non-payment, insolvency, or protracted default of a customer.

Some of the most common types of trade credit insurance cover:

  • Non-Payment: Protection against financial loss due to a customer’s inability to pay for goods or services provided on credit. This coverage can include insolvency, bankruptcy, and protracted default.
  • Political Risks: Protection against financial loss due to political events such as war, revolution, or other government actions that may cause a customer to default on payment.
  • Country Risk: Protection against financial loss due to events such as war, revolution, or other government actions that may cause a customer to default on payment.
  • Shipping Risk: Protection against financial loss due to a customer’s failure to pay for goods or services provided on credit because of damage or loss of goods in transit.
  • Contract Frustration: Protection against financial loss due to a customer’s failure to pay for goods or services provided on credit because of a change in laws or regulations that makes the contract unenforceable.

Trade credit insurance allows businesses to expand their customer base and increase sales, while minimizing the risk of financial loss due to non-payment. It is an important tool for managing credit risk and protecting your business’s financial stability.

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