Trade Credit and Political Risks Insurance protects your business against a wide range of financial risks. This could include non-payment of debts from a customer, defaulted or repudiated contracts and changes in foreign economic stability or regulation such as cancellation of import/export licences.
In recent years the demand for trade credit insurance has increased. This is largely due to the collapse of significant firms within the UK. For example, the collapse of Carillion sent shockwaves through the supply chain which resulted in many smaller firms going out of business due to non-payment of invoices.