Trade credit insurance protects your business against customer non-payment
We appreciate that if your company sells goods or services on credit, you face the possibility of customers not paying – and it’s a challenge our trade credit insurance helps you prepare for. Your cover can apply to one customer or your entire business, protecting against non-payment due to insolvency, default and even political risk.
RISK SCENARIO
Who it’s for
Chubb’s trade credit insurance is ideal for any corporates that sell goods and services on credit terms
The cover is particularly useful for firms that:
Seek to manage credit exposures
Are concerned about the stability of their sector or the economic climate
Have a large concentration of business with one or two debtors
Have been asked to take out cover by their bank
Have been asked by their customers to trade on less secure terms (ie moving from letter of credit to open account)
Are looking to trade with new customers or in new countries
What it covers
The different ways our credit insurance keeps your operations covered:
The cover can be used for both risk management (balance sheet protection) and financing (insuring accounts receivable to enable lenders to finance against a particular asset class)
The policy supports your existing credit management
Comprehensive multi-buyer cover protects all your trade above a certain level of self-retention
You can apply named customer coverage to a single customer, or specifically to your biggest clients
Top-up coverage, through our Credit Complete product, extends beyond your existing credit insurance policy to significantly improve credit limit protection
Policy limits and country limits are non-cancellable
Policy management is via a convenient online portal
WHY CHUBB?
WHY CHUBB?
We are experts in trade credit insurance – and care about your company
Whether your business is big or small, takes you around the world or just around town, Chubb is there for you. Our breadth of experience in trade credit insurance means we can provide the guidance and service you need, whenever you need it, wherever you may be.
Partnership that’s personal We work to understand your business and where you’re heading so we can be proactive about meeting your needs. We invest in getting to know you, your team and your customers. The goal: to help you see ahead, be ahead and stay ahead.
Creative problem-solving Insurance isn’t one-size-fits-all – and neither is our approach. Our playbook is always evolving because we’re always helping clients avoid risk in smarter ways. That means we bring the latest thinking and a fresh perspective to solving your challenges.
Unmatched expertise and financial strength We’ve served clients and partnered with leading organisations for more than 200 years. Our longevity, expertise and financial strength are the bedrock of our business.
The policy limit of liability, country limits and credit limits are non-cancellable by Chubb.
For smaller portfolios, this is achieved by Chubb insuring up to an agreed percentage of any loss (typically 90%) and, for the larger portfolios, clients will retain an agreed level of aggregate losses.
Our trade credit team has dedicated underwriters in six global hubs and, in addition to issuing through these hubs, has access to Chubb’s extensive global licensing capabilities.
You will have a single dedicated underwriter who is responsible for managing your new business through to renewals. Your dedicated underwriter is responsible for the commercial and risk aspects of your policy.
INSIGHTS & RESOURCES
Read the Credit Complete top-up coverage factsheet
