Business

Trade Credit

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Trading goods & services with your customers comes with risks, many of which can be mitigated with a trade credit policy issued by Chubb.

Most customers today require credit terms in order to buy goods and services. A reluctance to offer credit can place suppliers at a distinct competitive disadvantage.  Furthermore, with competitors often having trade credit solutions of their own in place, can companies afford not to level the playing field with a trade credit solution of their own?

Having trade credit insurance in place does more than just protect against non-payment. It supports business in sourcing finance, reducing the provision for bad debt, enhancing corporate governance and facilitating growth.

What does it protect?

We offer protection against non-payment by your customers due to (i) insolvency (ii) default; and (iii)  political risk .  In addition, there are a range of coverage extensions that are available depending on the requirements. 

What does it cover?

Multi-Buyer

Comprehensive cover for your ledger on a non-cancellable basis above an agreed level of self-retention

Named Customer

Comprehensive cover for your largest customer(s) on a non-cancellable basis

Single Customer

Comprehensive cover for a single customer on a non-cancellable basis

Top-up (Credit Complete)

Providing you with cover above your existing credit insurance policy to significantly improve credit limit coverage

Why choose Chubb?

Global Expertise

Personal service from dedicated, empowered and experienced staff:  Chubb’s underwriting team works together as a single unit with strategically located hubs:

Financial Strength

Our trade credit products are backed by the security of Chubb’s financial strength; the highest among all private market trade credit insurers. This financial strength is especially important to banks and other lenders for whom receivables represent a form of collateral. The craftsmanship associated with the Chubb brand results in tailor-made solutions meeting our clients’ exacting requirements.  As a matter of principle, we provide certainty of coverage for the period of the policy through non-cancellable credit and country limits, and we offer local, regional or central service according to requirements.

Multi-Buyer

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  • Designed for companies willing to accept a  degree of risk share and looking for an insurance partner to back up their own credit management;
  • Comprehensive portfolio protection;
  • High level of discretion such that most credit limit decisions are made by the policyholder;
  • Claims are paid once losses exceed a certain level;
  • Low administration;
  • Our portal manages all aspects of your policy; and
  • Dedicated and empowered underwriter who understands your business to make quick decisions, who manages your policy from quotation through to claims and everything in between.

Named Customer

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  • Designed for companies with a portfolio of customers that is weighted towards a handful of large exposures;
  • Protection on a named customer basis;
  • Flexible risk share;
  • Low administration;
  • Our online portal; and
  • Dedicated underwriter with ample authority to make quick decisions who manages your policy from quotation through to claims and everything in between.

Single Customer

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  • Designed for companies seeking protection against typically their largest single exposure which would severely impact business in the event of a default;
  • Protection on a named customer basis;
  • Flexible risk share;
  • Low administration; and
  • Dedicated underwriter with ample authority to make quick decisions who manages your policy replace quotation through to claims and everything in between.

Top-up (Credit Complete)

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  • Designed for companies with an existing primary credit insurance policy that is not providing sufficient coverage;
  • Complementary to the primary insurer’s policy;
  • Protection across your entire portfolio of customers;
  • Protection is excess of the primary insurer;
  • Top up closely mirrors many aspects of the primary policy;
  • Simple administration through a dedicated portal; and
  • Dedicated underwriter with ample authority to make quick decisions who manages your policy from quotation through to claims and everything in between.

Contact

We have offices in each of the following locations

To contact our teams open our contact sheet

Our Portal (360)

A state of the art, on-line platform is available for daily, real-time, interaction with Chubb. Here, Chubb clients insuring Multi-Buyers or Named Customers have the ability to:

  • Gain easy, and where required, multi-user accessibility at the desk-top or on the move;
  • Apply for new credit limits or uplifts;
  • View and assess the insured portfolio;
  • View policy documentation;
  • Produce comprehensive reports through exportable data

Access our portal

Downloads

Proposal form - credit complete
Proposal form - credit complete
Proposal form - single customer
Proposal form - single customer
Proposal form - multi-buyer and named customer
Proposal form - multi-buyer and named customer
Claim form - credit complete
Claim form - credit complete
Claim form - multi-buyer, named customer and single customer
Claim form - multi-buyer, named customer and single customer
Factsheet - credit complete
Factsheet - credit complete
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 political risk and/or 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.