Commerce Credit Insurance (CCI), also known as accounts receivable insurance, debtor insurance, or credit insurance, safeguards businesses against the risk of non-payment by customers due to bankruptcy, insolvency, or adverse political circumstances.
Insure your trade with our solutions
Our Commerce Credit Insurance enables you to offer B2B credit terms with confidence by insuring your trade receivables due within 12 months.
If a customer fails to pay, whether it’s due to insolvency, refusal or an inability to pay under the terms of the contract, a Commerce Credit Insurance policy indemnifies your losses.
Commerce Credit Insurance also informs your credit risk decisions through powerful insight on who to extend credit to and what limits to offer.
How does Commerce Credit Insurance work?
Commerce Credit Insurance is tailored to the needs of your business, informing daily credit management decisions as you trade with new and existing customers.
Customer health check
We assess the creditworthiness and financial stability of your clients.
Credit limit calculated
Each customer has a limit which is the maximum amount we will indemnify if that customer fails to pay.
Business as usual
You can trade with your current customers at your discretion, with the risk covered up to the specified limit.
Trading limit updates
We will keep you updated on any changes to limits, whether they are increased or decreased in response to changing conditions.
Business building
You assess the creditworthiness of prospective clients. We either validate the agreement or provide an explanation if your request is not approved.
Making a claim
You tell us if a customer fails to pay, we investigate, then indemnify you for the insured amount if policy terms have been met.
Benefits of Commerce Credit Insurance
- Protection: Our policy promptly recovers the funds lost to bad debt and enhances your cash flow.
- Growth: Pursue domestic or international growth with confidence, maintaining a robust risk tolerance when taking on new orders.
- Insight : Gain the advantage of continuous oversight of the financial status and credit risk associated with your clients and potential customers.
- Profitability: Efficient collection of outstanding debts with reduced management expenses.
- Funding: Protection of receivables enhances the lending confidence of banks.
- Competitiveness: Enhance customer relationships by providing credit terms even when competitors are unable to do so.
How much does Commerce Credit Insurance cost ?
How your premium is determined:
- Your B2B turnover
- The countries where you operate
- The type of customers you deal with
- Your payment terms
- The desired coverage percentage
Seamless Coverage for Your Growing Success
For small businesses
If you're worried that bad debts are hindering your business, relief is within reach. Our easy-to-use solution is tailored to reduce the time you spend on managing customer debts.
For medium and large businesses
Utilize Commerce Credit Insurance to safeguard your cash flow and receivables. Discover how it operates and the customized risk management solutions we offer for larger companies.
Manage risk for international business
Our specialized team is dedicated to organizations that operate in multiple countries and have a business turnover exceeding $100 million. We understand the intricacies of your financial structures and will tailor our approach to meet your specific needs.
Most asked questions
Commerce credit insurance safeguards your accounts receivable from the risk of non-payment resulting from insolvency or extended defaults. It provides your business with the knowledge and assurance needed to increase revenues with both new and existing clients. Functioning as a proactive alert system for possible payment challenges, commerce credit insurance enables you to engage confidently with new customers, enhance transactions with current clients, and explore new industries or international markets.
We begin by evaluating the creditworthiness and financial stability of your clients to establish secure credit limits, ensuring risk coverage up to the specified threshold.
We offer ongoing updates regarding these trading limits, making adjustments as necessary in response to evolving circumstances. Additionally, we facilitate your business expansion by applying this process to new clients.
Should you report a non-payment from an insured client, we will conduct an investigation, and if the policy conditions are satisfied, we will compensate you for the insured amount.
Commerce credit insurance can be advantageous for any business that offers goods or services on credit or provides financial loans to other companies. This applies to organizations of all sizes and across various sectors, ranging from small and medium-sized enterprises to large multinational corporations, including those in the financial industry.
Commerce credit insurance protects your business from the risk of customers failing to pay due to insolvency, extended defaults, or, when relevant, specific political occurrences.
The cost of commerce credit insurance is determined by several factors, including the scale and type of your business, the creditworthiness of your clients, and the trading limits you require.
This cost is tailored to your specific business operations and is calculated as a percentage of your project risk, typically beginning at around 1%. For instance, if your project risk amounts to $2 million and you wish to insure the full sum, the premium would generally be less than $20,000.
However, it is important to note that premiums may fluctuate annually. Obtaining a price estimate from us online is a straightforward process that can be completed in just a few minutes on our website: Trade credit insurance price calculator.
Why work with us?
DEDICATION
70,000+
Clients worldwide
INSIGHTS
83 Million
Businesses monitored in 160 countries
ASSURANCE
AA Rating
by Standard & Poor's
What is export credit insurance? Export credit insurance is a financial tool that enables companies to maintain their competitive edge by providing open terms, which can be more advantageous than relying solely on letters of credit or prepayment. According to the World Trade Organization, foreign buyers tend to increase their purchases by an average of 40 percent when offered open terms. This type of insurance safeguards your sales against political risks, such as changes in import/export regulations and interference from foreign governments. Many companies find it challenging to compete effectively without offering credit to their customers. For exporters, trade credit insurance creates a more equitable global marketplace. Engaging with new countries introduces diverse cultures and opportunities to tap into new markets and clientele, necessitating a solid understanding of the credit risks involved in exporting goods or services.