Trade Credit Insurance in UK - Chubb
 Business

Trade Credit

When a company sells goods or provides services on credit terms, the risk of not getting paid by its customers is a concern.

An effective trade credit insurance does more than simply protect businesses against these non-payments: it can help companies reduce the amount of money they need to set aside for bad debt, which is crucial for growing businesses and can also contribute to boosting sales by allowing businesses to offer competitive payment terms and/or expand into new markets.

Trade credit insurance

Chubb typically partners with companies who want an insurance product to complement their own credit management practices. 

We offer different product options

Multi buyer excess of loss

This product is designed to support companies with excellent credit management who want to protect their receivables portfolio in excess of an annual aggregate deductible. Such structures usually provide a high level of discretion; it means companies can trade in accordance with their own controls and procedures, secure in the knowledge that their credit insurance policy is there as a backstop. 

Policies can be managed centrally, regionally or country by country using 360, our online administration tool.  Chubb can accommodate global insurance programmes and we offer seamless local service in the major global financial centres.

Single transaction or specific account

Single transaction credit insurance is for companies who simply need to protect against non-payment by a single customer – typically their largest customer.

Named buyer portfolio 

It’s common for the bulk of a company’s turnover to be with just a handful of core customers. When that’s the case, Chubb can offer a named buyer portfolio policy that insures sales specific to those named buyers.

Top-up cover 

Companies sometimes have a trade credit insurance policy in place with another insurer that broadly meets their needs, but doesn’t fully cover all of their exposures. For peace of mind, Chubb has developed an innovative, additional policy to insure any shortfall in coverage. Companies usually prefer to manage this top up cover online, direct with Chubb.

Flexible coverage 

As well as offering non-cancellable credit limits, Chubb incorporates flexibility into its trade credit insurance policies, including:

  • High discretionary limit levels, in line with credit management capability;
  • Variable levels of deductible with risk share of up to 100%;
  • Group limits and worldwide coverage;
  • Bespoke wordings;
  • Multi-year policies.

Contacts

London
Chubb Building
100 Leadenhall Street
London EC3A 3BP
Tel: +44 (0) 20 7173 7670

New York
1133 Avenue of the Americas
30th Floor
New York. NY 10036
Tel: +1 212 642 7889

Chicago
233 S Wacker Dr # 4700
Chicago, IL 60606
Tel: +1 312 612 8827

Los Angeles
601 S. Figueroa St
Los Angeles, CA 90071
Tel: +1 213 612 5482  

Singapore
138 Market Street
#12-01 CapitaGreen
Singapore 048946
Tel:+65 6398 8673

Hamburg
Stadthausbrücke 1-3
20355 Hamburg, Germany
Tel: +49 (0) 40 36980-5146

Brazil
Avenida Paulista, 1294
16 andar Sao Paulo - SP - Brasil
01310-915
Tel:+55 11 4504 4334

Tokyo
Garden City Shinagawa
Gotenyama, 6-7-29 Kita-Shinagawa
Shinagawa-ku
Tokyo 141-8679 Japan
Tel:+ 81 50 3164 8230

Enduring expertise in trade credit risk

Our underwriters are supported by a highly experienced Credit & Country Risk Management team, whose analysts monitor companies and countries where credit risk is developing.

To support companies who have global insurance programmes, Chubb has centres of trade credit expertise around the world. This network also means that our trade credit risk professionals have up to date information on trading conditions everywhere that we can share with all our clients.

At Chubb, we also understand that all businesses are different with specific needs. Our underwriters work closely with our clients and are able to take fast decisions on different aspects of their cover.