Product update: SMEs protected from insolvency
Trade credit insurance firm Atradius has launched a policy designed specifically to help protect small to medium-sized enterprises (SME) from unexpected insolvencies impacting their supply chain.
The policy has been designed to be as helpful as possible for SME customers with a turnover up to £10m and offers benefits such as a 5% discount for those that pay the premium upfront, a 21-day cooling off period and a fixed price.
Pete Davies, country manager of Atradius, said: "SMEs are hit particularly hard when one of their customers goes insolvent. For some, it may be the final straw."
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