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Credit Insurance

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How We
Can Help

At The Needham Group, your business is important to us. Whatever the size of your business, we pride ourselves on providing a business insurance solution at an affordable price. We compare and search our panel of commercial insurers to find cover that meets your needs and helps you be protected from the unexpected.

helping you with your business

Credit Insurance

Credit Insurance

The Needham Group's Brokers are experienced & Knowledgeable Insurance Professionals

Credit insurance can provide cover for you in the event of a customers failing to pay amounts owed for goods and services supplied on credit terms.

Credit Insurance can help to stablilise your cashflow in the event of unpaid invoices. This can support your balance sheet against bad debts and can help support your business day to day but also it’s growth.

This type of cover can help business owners have peace of mind when offering goods or services on a credit term. Once customers are overdue on their invoice, panic may set in and chasing invoices can become a worrying time. However, this type of cover can support your business financially if your customers are unable to pay their invoices. 

“Effectively, change is almost impossible without industry-wide collaboration, cooperation, and consensus.”

Simon Mainwaring

plan of action

know the risks

Credit insurance helps you to stabilise your cash flow, support to protect your balance sheet against bad debts, expand sales, boost your borrowing power and confidently expand your business.

01

Complete online enquiry form

02

We compare to get you a quote from panel of insurers

03

We send you your documents out on the same day

we Can assist you with your insurance needs

Complete the enquiry form today for a free business insurance review

We help you every step of the way

Credit Insurance Can support your business' growth

  • You may address new markets safely due to valuable information on countries, sectors and companies
  • You can diversify into new products with the knowledge of who you can trade with and not to trade with
  • You can support your customers who are seeking longer payment terms 
  • You get paid when your customers don’t pay you
  • Insurers will monitor your client’s financial strength so you can focus on running your own company. Information on your customers old and new is more critical than ever in times of uncertainty 
  • You’ll gain peace of mind knowing that your cash flow is established
  • You will avoid loss of revenue if one or more of your clients end up going bankrupt or insolvent, leading to them being unable to pay their invoices

Transferring risk away from the business and over to an insurer, credit insurance can help to provide the policyholder with financial support in the event that a customer becomes insolvent or fails to pay their invoice.

Not only this, but some insurers can actually help to reduce the risk of financial loss through credit management support.

Credit insurance can pay in full or in part the outstanding invoice of your customers who have failed to pay for your goods or services. 

The amount that is paid out will be determined by your policy wording. 

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