Trade Credit & Surety Insurance

Trade Credit & Surety Insurance (TCI) insures financial loss due to non-payment by a customer, resulting from their insolvency, receivership or appointment of an administrator.

Custom insurance for your company 

When considering the risks your business may face, trade receivables or trade debtors are often overlooked. If your company supplies goods or services on credit terms, your trade debtors will represent a high proportion of your company’s assets, often as much as 40%. 

Under a Trade Credit & Surety Insurance policy, an insurer conducts a credit assessment for each of your customers individually and sets a credit limit for each customer. The credit limit varies per customer and may be increased or decreased depending on the information gathered by the insurer through their extensive network of credit information suppliers.

Once the insurer finalises the assessment, you can trade against your customer's approved credit limit. New credit limits can be applied for at any time during the period of the policy and existing credit limits can be increased.

As a business solution provider, there are varied options available for you to choose from. You can customise an insurance policy that suits your company under the following categories:

  • Whole turnover cover
  • Top or selected buyers cover
  • Selected market cover

During the lifetime of the policy, the insurer keeps track of this and will inform you of any changes to the financial health of your customers that may impact their ability to pay your company for the goods or services delivered.

Should your customer fail to pay you, you are insured up to 90% of the credit limit set and you may file a claim accordingly. If your customer is insolvent, you will receive payment from the insurer within 30 days upon their receipt of written evidence of the insolvency.


BRIC, as a company of Honan Insurance Group Pty Ltd is now fully owned by Marsh Pty Ltd. To find out more, speak to your broker or read the announcement