In-depth - specialist lines: Tune in to trade credit
Simplified products, online quote systems and increased training opportunities have opened up the sector to more brokers
Trade credit is a sector some brokers shy away from, but the collapse of construction and support services giant Carillion acts as a timely reminder about its value.
Shortly after the firm went under, the Association of British Insurers (ABI) issued a statement saying that around £31m would be paid out in claims to Carillion’s insured suppliers. Reports have suggested there could be at least £1bn in unpaid supply chain costs, with many expected to cease trading because too many of their eggs
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