02 9201 5222
Insurance against unpaid invoices
02 9201 5222
Insurance against unpaid invoices
Credit insurance protects your business from the risks of non-payment of invoices. This means your invoices are covered. So if your customer can’t pay you, you’ll still get your money.
The best credit insurers get to know you and your business. They work in partnership with you, supporting you with up-to-date intelligence on markets and sectors. You can use this information to help explore new markets with confidence and offer competitive credit to customers. It also gives you a layer of security that banks tend to like when approached for finance.
We’re one of the world’s leading providers of credit insurance.
Without credit insurance a small company like ours could not afford to take the risk of selling to many markets that require payment terms, especially to unknown buyers and new markets.
We know you’re busy growing your business, that’s why we’ve designed our credit insurance products to be as easy as possible. For a competitive premium, priced to be affordable for small business, you can ensure that you’re covered whenever you sell products or services on credit terms. So you can spend more time focusing on your business, and less time worrying about getting paid.
We’ll do the work for you
Your insurer will work with you and research your buyers.
Get a credit limit for your buyer from your insurer.
Do the work yourself
Do your own research or pay an agency
Pay a credit information provider to check your buyer.
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Focus on your work
One less thing to worry about
Just do what you do best.
Deliver your goods or services, send your invoice and get on with growing your business.
Cross your fingers
Trust in your luck and hope your customer pays.
Send your invoice and hope your customer pays on time.
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No problem
Your insurer will work with you to sort it out.
Customer can’t pay? Let your insurer know and they’ll settle up, either through debt recovery or a claim pay-out.
This could hurt
Any way you look at it, it’s a loss.
Not paid?
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You’ll get paid
Claim back almost all outstanding debt.
There’s nothing to see here. Your business operates as usual. Return to Stage 2 and continue as before.
No money and lots of work
Find a good lawyer. You’ll need one.
If you’re still solvent, return to Stage 1 and start the process over. If your customer fails to pay you, this might prevent you from paying your suppliers which could have a larger impact on your business.
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As a guide our policies suit businesses with over $10m revenue and start from $17,500. As with all insurance, there are variables which impact price. Some of these are shown in the chart.
The greater the amount that needs to be insured, the higher the premium cost will be
Sector
Some sectors experience greater market volatility. Risk will be reflected in the premium, with sectors closely monitored for change.
The amount of time you allow your customer before they have to pay you is factored into the premium.
Whether through infrastructure, politics or conflict, some countries pose less trading risk than others. Your premium allows for this.
Examples are for illustration only. Individual risk factors are identified, assessed and monitored for each policy.
If you have any questions or need advice regarding credit insurance for your business we can help.
Talk to us. Our expert advisors will help you get the necessary cover, appropriate for your needs.
Tel: 02 9201 5222
Apply online now
You can apply for a Modula First policy in a matter of minutes. Simply, fill in your details, and we will respond to you without delay.
Instead of blindly going into a relationship with a new customer, we can leverage the information Atradius has in its database to approve credit on potential new customers before the first order ever ships. This gives us a level of security that we wouldn’t otherwise have
Trade with confidence and explore new markets, protected from risks.
Access free market intelligence to help you identify business opportunities.
Expert debt collection can be provided to you at an additional cost.