Overview

Trade Credit Insurance in Thailand

When doing international trade, it’s common for vendors to extend credit terms to buyers; offering products or services with payment due at a later date, instead of requiring immediate payment. While this can foster stronger business relationships and even improve profitability, it also introduces a significant risk: the possibility that the buyer fails to pay as agreed.

Trade Credit Insurance, also referred to as Business Credit Insurance, Export Credit Insurance, or simply Credit Insurance, is specifically designed to protect companies from the financial impact of non-payment scenarios. This type of coverage safeguards your business when customers default on payment due to insolvency, protracted default, or other unforeseen issues.

Trade Credit Insurance policies can be tailored to meet the needs of your company, giving you confidence that your receivables are protected and your cash flow remains secure, even when your clients don’t pay on time.

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Coverage

Thailand Trade Credit Protection

CCW Global and our local insurance partners can source comprehensive Trade Credit Insurance solutions in Thailand, designed to protect your business from the financial consequences of unpaid receivables; whether due to commercial default or political disruptions.

These policies can act as a financial safety net, ensuring that your company remains resilient when customers fail to meet their payment obligations.

Trade Credit Insurance plans typically run on an annual basis, providing 12 months of continuous coverage with the option to renew. During the policy period, businesses are protected against a wide range of risks, with benefits including protection for:

  • Reimbursement of unpaid invoices for goods or services delivered
  • Safeguarding of your company’s cash flow and financial stability
  • Strengthened credit control through detailed risk monitoring and evaluation
  • Tailored protection for both local and international clients or buyers
  • Ongoing assessment of customer solvency and payment behavior
  • Expert support for commercial risk management and credit strategy
  • Assistance with third-party debt recovery services
  • Improved access to financing through strengthened creditworthiness

Trade Credit Insurance is globally available, with coverage extending to most markets; excepting those under sanctions or embargoes, such as North Korea, Iran, and Afghanistan.

Coverage limits typically insure up to 90% of the invoiced value, depending on the buyer’s location and associated risk levels; giving your business powerful protection in an unpredictable global economy.

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Quotation

Trade Credit Insurance Consultation in Thailand

If you would like to receive a consultation for a Trade Credit Insurance policy in Thailand, simply complete the short form found here. 

Once you have completed your  request an expert Thailand Business Insurance advisor from CCW Global, or our local insurance Partners, will contact you to further discuss your coverage requirements.

Or you may Contact Us to speak directly with an insurance advisor today.

Ask CCW - where your insurance is always Swift, Simple, and Sorted. 

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