Credit risk insurance safeguards businesses from financial losses caused by customer non-payment, insolvency, or delayed payments. This type of insurance is essential for companies trading on credit, helping maintain cash flow, reduce bad debt risk, and protect profitability.
SynergiseUK partners with specialist insurers to provide policies that match your business needs and customer risk exposure.
Who Is It For
Credit risk insurance is suitable for:
- Businesses offering trade credit to customers
- SMEs and large companies dependent on receivables
- Exporters extending credit to overseas clients
What Does It Cover
Credit risk insurance typically includes:
- Protection against customer non-payment due to insolvency or default
- Coverage for delayed payments impacting cash flow
- Protection for domestic and international trade
- Legal costs for debt recovery
- Optional coverage for political or economic risks affecting customer payment
Listed below are the key points to consider for this policy:
- Provides protection against non-payment of debts
- Helps businesses manage credit risk
- Safeguards against financial losses due to customer insolvency or default
- Enables businesses to trade confidently with customers and suppliers
- Mitigates the impact of bad debts on cash flow
- Provides peace of mind and financial security for businesses
- Reduces the risk of bankruptcies and financial instability
- Supports business growth and expansion
Why Choose This Insurance
- Safeguards cash flow and financial stability
- Reduces the risk of bad debts
- Supports business growth by enabling safe credit extension
- Provides legal and professional support for debt recovery
- Tailored cover for both domestic and export clients
Important Considerations
- Assess the creditworthiness of customers and regions
- Understand the policy limits and exclusions
- Check whether partial payments or disputes are covered
- Confirm the procedure for filing claims for non-payment
- Review optional add-ons such as political risk or insolvency cover
Protect Your Business Today
Ensure your business is protected against customer non-payment and credit risk.
Frequently asked Q&A's
Credit Risk Insurance, also known as trade credit insurance, protects businesses against financial loss if a customer fails to pay due to insolvency, default or protracted non-payment.
Credit Risk Insurance is suitable for UK businesses that trade on credit terms, including manufacturers, wholesalers, distributors and service providers exposed to unpaid invoices.
Cover typically includes customer insolvency, slow payment, non-payment of invoices and bad debts, helping protect cash flow and profitability.
Yes most policies cover losses caused by a customer becoming insolvent, entering liquidation or administration, subject to policy limits and terms.
Yes, many policies provide domestic and export credit cover, protecting your business when trading with UK and international customers.
Yes, by protecting against bad debts and unpaid invoices, credit risk insurance provides greater cash-flow stability and financial confidence.
Yes, insurers often provide credit checks, monitoring and buyer risk assessments, helping businesses make informed decisions before offering credit terms.
While not legally required, many banks and finance providers favour or require it when offering invoice finance or trade funding facilities.
Policies typically exclude disputed invoices, cash sales, related-party debts and pre-existing bad debts before the policy start date.
Costs depend on turnover, customer profile, credit terms and risk exposure, but premiums are usually a small percentage of insured sales.
Yes, policies are available for SMEs and growing businesses, with flexible limits and scalable cover as your trade increases.
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