As part of Specialist Risk Group (SRG), Miles Smith can provide access to specialists within the Group. Within SRG, we offer Trade Credit insurance, a simple and effective way to manage credit risk.

The team take the time to understand your client’s business and explain the different options that the market has to offer, relevant to their unique needs. We aim to provide the best information so your clients can make an informed decision about what’s right for their business.

To find out more about our offering and what our specialists can do for you and your clients, please get in touch with our Broker Relationship Management team.

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WHY SRG

We take the time to understand your client’s risks and recommend the most appropriate cover

We will conduct a comprehensive insurance market review to secure the highest levels of cover for a competitive premium.

You will be allocated a dedicated account manager with the expertise to support you throughout the duration of your policy and give guidance to help you through the claims processes.

WHAT IS TRADE CREDIT INSURANCE?

Trade Credit insurance covers the risk of a bad debt where a business customer is unable to pay for goods or services that have been provided on credit terms. Even if a customer becomes insolvent, Trade Credit insurance guarantees that the insured’s debts will be paid.

Trade credit insurance also:

  • Allows you to trade with confidence so you can take on larger contracts, new customers or new markets

  • Supports ‘best practice’ credit risk management processes and procedures

  • Helps improve business reputation and stability

  • Offers extra security to banks and lenders resulting in improved finance facilities

  • Frees up cash from bad debt reserves that can be put to better commercial use elsewhere in your client’s business

SOLUTIONS FOR

Businesses that trade B2B on credit terms, including:

  • Builders and merchants
  • Construction
  • Demolition
  • Food and drink
  • Haulage
  • Manufacturing
  • Recruitment
  • Wholesalers
  • Distributors

TYPES OF COVER

  • claim

    Whole turnover cover 

  • man_width_book2

    Single customer or key accounts cover

  • check_up

    Single contract cover

GET IN TOUCH

Get in touch with our Broker Relationship Management Team to find out more about our offering.