No matter how sound your credit control practices, you cannot completely avoid the risk of a buyer defaulting on payment. Don't let your hard work disappear with a non-payment. GCS offers several trade credit insurance policies to protect your business. For companies with turnovers in excess of $1.5 million, our insurance protects your company against one or more of your customers becoming insolvent or when there is protracted default on payment (depending on the policy type).

Many companies accept bad debts during a recession, but the greatest number of insolvencies actually occur during recovery from an economic slowdown. During this period, cash flow is stretched for many businesses, and financial institutions tend to be less tolerant, resulting in the appointment of a receiver and manager.

Trade credit insurance can give early warning signs for performance deterioration, allowing you to avoid many problems. Should the worst happen, trade credit insurance is there to help cover your losses, depending upon your plan, usually within thirty days of debt confirmation.

Tailored to your needs, these flexible policies can cover your customers in Australia (with an option to include some key export markets), your export customers under a separate policy and your top customers.

For further information please Contact Us