Charity insurance quotes tailored to your organisation's needs

"A qualified Broker can provide you with the advice and assistance to ensure you are properly protected"

The purpose of trade credit insurance is to ensure that businesses are protected if customers fail to pay their bills or pay them later than the terms of payment specify. The ability to get credit at more competitive rates gives businesses confidence to extend credit to new customers. This type of insurance covers products and services that are due within 12 months.
It is possible to obtain trade credit insurance both within the UK and internationally, and trade credit insurers also assist their customers to manage risk by providing advice about credit risks and new markets to help their businesses grow. A business may purchase trade credit insurance on its entire portfolio of customers or on individual accounts.

The following risks are generally covered by trade credit insurers:

Commercial risk: There is a risk that you will not be able to collect the outstanding invoices from your customers due to financial reasons such as declared insolvency or protracted default.

Political risk: An unpaid claim as a result of events beyond the control of the policyholder or customer, such as political events (wars, revolutions), natural disasters (tsunamis, earthquakes), or economic difficulties, such as currency shortages which mean cash cannot be transferred from one country to another.

Standard Covers

 

Property

Contents

Business Interruption

Public Liability

Employers Liability

Optional Covers

 

Trustee Liability

Professional Indemnity

Abuse & molestation cover

Legal Expense

Cyber Insurance

Private Medical Insurance

Key Person Insurance

Expert advice from Prima Insurance Brokers

With several years of experience and expertise across the not-for-profit, charity and education sectors. Clients can count on us as their in-house insurance advisers since we take the time to understand their organisation in depth creating a strong, trusting partnership.

We know the charity sector has a wide range of special risks, which can often be confusing. By drawing on our experience and knowledge, we can guide you through every challenge and complexity - from legal requirements to operational set up.

FAQ

What commercial combined doesn't provide cover for?

Research helps you plan the best way to get your product from the manufacturer to the retail shelf. In addition to deciding which retailers should carry your product, you should determine where your inventory will be held.

What can commercial combined insurance cover?

There are a large number of covers available through a policy, including but not limited to:

  • Public Liability
  • Employers Liability
  • Product Liability
  • Property Damage
  • Business Interruption
  • Stock in transit

Different industries can benefit from commercial combined business insurance by taking advantage of its cost-effectiveness in acquiring several different insurance policies under one policy.

  • Warehouses
  • Manufacturers
  • Importers or exporters

 

 

What are the advantage of commercial combined insurance?

In this problem solving step, you will want to figure out what caused the problem, what the problem looks like at this moment, and the urgency of addressing the problem. Combining your coverage under one tailored, flexible and affordable policy can save you money. The type of policy you need to protect your business will depend on your business and may include public liability, product liability, employers' liability, buildings, stock, equipment, machinery, business interruption, personal accident, and legal expenses.