Trade Credit Insurance
Trade credit insurance wholesaler for agents. Protect your client's accounts receivable against customer non-payment, insolvency, and default. Send us the risk.
Trade credit insurance, also called accounts receivable insurance, protects a business when a customer fails to pay for goods or services already delivered. For clients who sell on open terms, their receivables are often their largest uninsured asset.
What trade credit insurance covers
- →Customer insolvency or bankruptcy that wipes out an outstanding invoice
- →Protracted default, where a solvent buyer simply does not pay
- →Domestic and export receivables across a client's customer base
- →Political risk on foreign sales, such as currency or transfer events
- →Credit monitoring on the buyers a client extends terms to
Who needs it
- ✓Manufacturers and distributors selling on net-30 or longer terms
- ✓Wholesalers with heavy concentration in a few large buyers
- ✓Exporters carrying overseas receivables
- ✓Businesses seeking better lending terms against insured receivables
How to place it through Baker
- →Send us annual sales, terms offered, top buyers, and any bad-debt history
- →We work the specialty credit markets and quote a whole-turnover or key-account structure
- →You present the terms and protect your client's balance sheet
** Terms used here are a summary only. Always refer to the policy form for actual terms, conditions, and exclusions.
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