Credit Insurance
Protect Your Business from Bad Debts & Non-Payment Risks
Extending credit to customers helps grow your business — but unpaid invoices can severely affect your cash flow and profitability.
At Advanced Insurance Agency Limited, we provide comprehensive Credit Insurance solutions that protect your business against losses arising from customer non-payment.
What is Credit Insurance?
Credit Insurance (also known as Trade Credit Insurance) protects businesses against losses resulting from:
- Customer insolvency
- Prolonged default or delayed payment
- Bankruptcy
- Political risks (for exports)
- Commercial risks in domestic or international trade
It ensures that your business remains financially stable even when clients fail to pay.
Why Credit Insurance is Important
Unpaid invoices can:
- Disrupt cash flow
- Affect supplier payments
- Limit business expansion
- Increase borrowing costs
- Lead to financial strain
Credit insurance safeguards your receivables so you can trade confidently.
Who Needs Credit Insurance?
Credit insurance is ideal for:
- Manufacturers
- Wholesalers & distributors
- Exporters
- Importers
- Construction companies
- Suppliers offering credit terms (30–90 days)
- SMEs and growing businesses
If your business sells goods or services on credit, this cover is essential.
What Does Credit Insurance Cover?
1. Commercial Risks
- Customer insolvency
- Bankruptcy
- Protracted default
2. Political Risks (Export Credit)
- Government restrictions
- Currency transfer delays
- Political instability
- War or civil unrest affecting payment
3. Single Buyer Cover
Protection against default by one large customer.
4. Whole Turnover Cover
Protects all approved credit sales.
What Does Credit Insurance Cover?
1. Commercial Risks
- Customer insolvency
- Bankruptcy
- Protracted default
2. Political Risks (Export Credit)
- Government restrictions
- Currency transfer delays
- Political instability
- War or civil unrest affecting payment
3. Single Buyer Cover
Protection against default by one large customer.
4. Whole Turnover Cover
Protects all approved credit sales.
Why Choose Advanced Insurance Agency Limited?
✔ Expert advisory on credit risk management
✔ Access to reputable underwriters
✔ Competitive premiums
✔ Fast policy structuring
✔ Professional claims support
✔ Tailored solutions for SMEs & corporates
We help you trade with confidence.
Who Needs Credit Insurance?
Credit insurance is ideal for:
- Manufacturers
- Wholesalers & distributors
- Exporters
- Importers
- Construction companies
- Suppliers offering credit terms (30–90 days)
- SMEs and growing businesses
If your business sells goods or services on credit, this cover is essential.
Key Benefits of Credit Insurance
✔ Protects against bad debts
✔ Improves cash flow stability
✔ Enables safer business expansion
✔ Enhances borrowing capacity with banks
✔ Strengthens credit management
✔ Boosts investor and lender confidence
Banks often view insured receivables more favorably when offering financing.
How It Works
- You apply for cover based on your turnover and buyers.
- The insurer assesses your customers’ creditworthiness.
- Credit limits are assigned to approved buyers.
- If a buyer fails to pay within agreed timelines, a claim is filed.
- The insurer compensates you based on policy terms.
How Premiums Are Determined
Premiums depend on:
- Annual turnover
- Industry risk
- Buyer profile
- Credit terms offered
- Claims history
- Geographic exposure (local or export)
We negotiate competitive solutions tailored to your business needs.
Click To Call: 0722494303
Frequently Asked Questions (FAQs)
1. Does credit insurance cover all customers?
Coverage applies to customers approved by the insurer with assigned credit limits.
2. What happens if a customer delays payment?
If payment exceeds the agreed waiting period, you can file a claim as per policy terms.
3. Is export credit covered?
Yes. Political and commercial risks for export transactions can be included.
4. Can small businesses apply?
Yes. Credit insurance is suitable for SMEs, not just large corporations.
5. Does credit insurance replace good credit control?
No. Businesses must still practice proper credit management and collection procedures.
6. What percentage of loss is compensated?
Typically, insurers cover a high percentage of the outstanding debt (subject to policy terms and excess).
7. Can I insure a single large client?
Yes. Single-buyer credit insurance is available for key customers.
Get Covered Today
Trade with Confidence
Protect your revenue and grow your business without fear of bad debts.
Get reliable Credit Insurance solutions from Advanced Insurance Agency Limited today.