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Credit Insurance

We can’t predict the future, but we can mitigate the risk.

Coface Credit Insurance covers you against bad debt, late payments, political risk, pre-shipment risks, and more. Protection for your cash flow and future revenue will ensure that if the worst happens, you still get paid.

What is credit insurance?

Credit insurance is a type of business insurance that covers losses arising from non-payment for goods or services.
It means that should the worst happen - a customer’s insolvency or protracted default - the policyholder can protect their bottom line and maintain their cash flow. Find out more in our guide, 'What is Credit Insurance' which includes working examples.

How much does credit insurance cost?

There are credit insurance policies to suit all budgets. Premiums are generally set according to turnover and business profile, including industry sector, number of customers, and previous loss history.
After an assessment, the credit insurer will provide a quote that sets out the price and policy terms, including the amount of cover, level of self-retention (typically 10%), and whether there’s a deductible or minimum threshold for claims.


In principle, credit insurance is suitable for any company that provides credit to another company. Whether you trade in goods or services and in whatever sector you work in, Coface credit insurance policies are taken out specifically for your situation. Coface not only offers credit insurance for the United Kingdom and Ireland, also companies that operate internationally can also take out credit insurance with Coface. This means you have fewer barriers to growing your business internationally.

Is a credit insurance policy different from other types of insurance?

With most types of business insurance, such as employers’ liability or building insurance policies, the provider has little contact with their policyholder between renewal times unless they receive a claim.
By contrast, the best credit insurers actively support a company’s trading throughout the year and provide an early warning system about changes in the risk status of customers so it can avoid foreseeable losses.
To be effective, credit insurance should be a partnership between both parties. The policyholder tells the insurer about customers’ payment behaviour and notifies overdue payments. The insurer feeds this customer information into its database alongside data from other sources, such as financial statements and public records.
Meanwhile, the insurer gives the policyholder access to its wealth of business intelligence and expertise in credit risk. Working together, they can determine the level of credit risk, adjust the level of cover, agree credit limits, assess the financial health of customers, and focus on the most profitable.

The benefits of credit insurance

While credit insurance can fit comfortably within any credit management strategy, it compares favourably with alternatives on the grounds of:
Cost effectiveness
  • There’s no need to sacrifice a portion of the invoice amount so the company can maintain a healthy profit margin.
  • Credit insurance generally includes access to complementary credit management services, including business information and collections.
Peace of mind
  • A contract of insurance.
  • Credit insurers are regulated by the Financial Conduct Authority in the UK.
  • Credit insurers are legally required to have reserves to pay claims.
  • Protect the bottom line when trading in a volatile market or uncertain economic period.
Level of cover
  • Cover is not limited to a single transaction, as with letters of credit.
  • Releases working capital to invest in other areas of the business or pre-order stock.
  • It is possible to arrange a policy with automatic discretionary coverage up to a certain amount or percentage of sales.
Facilitating growth
Credit risk information helps steer companies towards profitable customers, sectors, and overseas markets.
The confidence to offer competitive terms and pursue business goals.
Credit insured businesses are more attractive to banks and other investors, which should enable them to secure finance on better terms.

Looking for effective ways to manage risk and streamline processes?

Coface offers a full suite of services to help you create a safety net against risk before, during, and after trade. Saving you time, money, and hassle.
1. Check before you trade
Go beyond the standard checks with Coface Information Services. With instant commercial scores, real-time analysis, and supply chain alerts, you can minimise risk, protect supply chains, and identify new opportunities.
  • Instant, real-time results
  • 24-hour global risk analysis
  • Data adjusted by sector and country
2. Get protected
Coface credit insurance covers you against bad debt, late payments, political risk, natural disasters, pre-shipment risks, and more. So if the worst happens, you still get paid.
  • One of the world’s leading credit insurance companies
  • Over 4,000 experts operating across 100 countries
  • Unique, insightful, and targeted data-driven intelligence
3. Collect what’s owed
Recover late payments and limit losses with our efficient, stress free debt recovery. We handle everything from initial contact to all follow-ups and collections, providing a single point of contact regardless of the debtor's country.
  • Action within 24 hours
  • Debt collection offices in 48 countries
  • Access to local law enforcement
For more information on credit insurance contact us 
Video - Credit insurance explained

Flexible Solutions

Trade Credit Insurance - Tailored to your needs

Supporting Export Trade

Credit insurance for multinationals

Managing your policy

Client Case Studies