Managing cash flow is critical for any business, but when customers delay or default on payments, it can put your working capital at serious risk. While small bad debts may be manageable, a major loss due to insolvency or non-payment could disrupt operations and impact long-term growth.
Trade Credit Insurance helps safeguards your business against these risks by providing protection for your accounts receivable, ensuring you maintain financial stability even when customers fail to pay. Whether you're a small business or a large enterprise, securing the right trade credit cover helps you trade with confidence and protect your bottom line.
Do I need Trade Credit Insurance?
If you own any type of business or are a subcontractor and rely on customers meeting their payments on time, then you should consider getting Trade Credit Insurance.
Trade Credit Insurance is also an effective risk management tool that can:
- Protect and improve your “cash-flow”
- Enhance your balance sheet, optimise working capital and reduce the cost of finance
- Increase your sales and profitability
- Improve and strengthen your credit control and management procedures
Easyliner - Trade Credit Solution
EasyLiner is an all-inclusive trade credit insurance product for small to medium sized businesses. It helps to protect you against unpaid invoices at home or abroad, while keeping an eye on your budget. Plus, it makes the process simple and effective with instant online quoting and an efficient online management tool
How does it work?
EasyLiner protects your cash flow and saves you valuable time, resources and money. It includes 3 key features to ensure your trade receivables are effectively and safely managed.
- Collection of unpaid invoices: Skilled and effective debt collectors will handle your unpaid invoices in Australia and/or overseas. They will strive to preserve the quality of your relationships with your customers at all times.
- Information to make informed decisions: Each of your buyers will be assessed for credit worthiness to help you make the right credit decisions and reduce the chances of unpaid debts.
- Cash-flow replacement: If collection fails, you will be reimbursed.
How do I arrange Trade Credit Insurance cover?
We want to protect your business and make your life easier. We can act on your behalf and get terms and pricing from a variety of underwriters to meet your specific business needs.
To arrange your Trade Credit Insurance with Coverforce, we will require the following:
- Your aged debtors trial balance – showing amounts outstanding as of (the current day at the time of reporting, 30 days, 60 days, 90 days and 91 days plus)
- A list of your clients that became insolvent in the last 3 years (including the name and amount of the loss)
- A list of your top 10 customers (including their ACN/ABN numbers and the maximum exposure you believe you’ll have over the next 12 months)
How Coverforce can help
Coverforce are one of the few insurance brokers in Australia who have an experienced, in-house Trade Credit team. We provide tailored insurance solutions at competitve rates for businesses both in Australia and overseas.
For more information or to arrange cover, please contact your local Coverforce Office.
Alternatively, you can simply fill out the Trade Credit Insurance quote form below and one of our insurance brokers will get in touch in one business day.
Request a quote
