With the number of businesses entering administration at a concerning level, our comprehensive Trade Credit cover can give companies the confidence to continue trading and grow their business.
Businesses that sell goods or services often incur some form of credit risk; on a typical balance sheet, debts represent 40% of current assets. That means that when customers can’t pay their bills – or they take too long to pay – it can affect a company’s ability to continue trading.
The good news is that companies can protect themselves by insuring against the damaging effects of not being paid. Trade Credit insurance protects against bad debts, safeguards cash flow and helps organisations to enhance their credit management processes.
Improved credit control
Part of the protection we offer is a continual assessment of buyer risks. This provides an effective early warning system, helping companies to avoid poor quality debtors, focus on building sales with better-rated clients, and improve overall business performance.
Real-time underwriting decisions
Our online Trade Credit System can provide real-time underwriting decisions. We also offer an online credit opinion service called QCheck.
Discounted debt collection
QBE policyholders receive a discounted and fixed commission rate when using STA International for commercial debt collections.
A claims service companies can rely on
We understand that when customers don't pay, the financial impact can be devastating for a business. So we do everything we can to resolve claims as efficiently as possible, including offering a fast-track service for smaller claims.
With QBE’s global network of offices and expert Trade Credit teams around the world, we can offer Trade Credit solutions to companies operating internationally, including major multinational organisations with operations in multiple locations.In addition to the global coverage we can offer through licences held by the QBE Group and our partners, we also have the ability to issue policies through Lloyd’s of London. This means we can offer trade credit products on a truly worldwide basis.
Types of cover
Comprehensive cover is available for businesses of all sizes, from SMEs to large multinational corporates. Our fixed or variable premium policies are designed to cover the whole customer base. Policies can provide protection against insolvency and protracted default, for both domestic and export trade.
In addition to our standard comprehensive cover we can also offer more bespoke products dependent on the size of the business:
Click and Quote is an online tool only available to brokers who have access to our SME Approve product. The indicative quotes given here are only for SME Approve (Sub £10m turnover) and are not applicable for any other products.
If you don't have a password and would like to access this page please speak to your contact at QBE, or alternatively send us an email.
Excess of Loss
Protection against high levels of exposure. It is designed for companies with a substantial turnover who are willing to accept a level of self-insurance.Credit insurance excess of loss proposal form (PDF 627Kb)
Bespoke cover for protection against specified buyers, largest buyers, buyers with exposures above a designated threshold or even just a single account.
Standard credit insurance policies are not always appropriate for financial institutions, so we have developed a range of products specifically for their needs. We offer cover for a multitude of funding arrangements, providing there is always an underlying trade transaction associated. Financial Products (PDF 160Kb)
Top-up Insurance offers an additional layer of cover above a policy provided by another credit insurer. QBE can top up the cover to a maximum of 100% of the underlying cover, subject to the agreement of the primary carrier.