Trade Credit Insurance Consultants

Welcome to Trade Credit Insurance Consultants Limited (TCIC), a specialist in Credit Insurance since 1983. We take great pride in our long-standing history as an independent broker in a field where few major brokers engage. Our mission is to provide a dedicated service to our clients, offering impartial and independent advice with access to the whole Credit Insurance market.

At TCIC, we recognise that your debtors are your most valuable asset, yet they are also the most at risk from external factors. Our goal is to help you maximise control over your debtors and give you the peace of mind of guaranteed payment with a tailored Credit Insurance arrangement. We are committed to ensuring that your business gets the results you need from such a facility, backed up by a personal service that we believe is second to none. Our services are entirely free of charge.

Today's market is tough, and with many high-profile companies collapsing, it's more important than ever to have Trade Credit Insurance. Those without put themselves at risk. In the third quarter of 2019, over 271 million worth of claims were made with the demise of Thomas Cook and others. With a record 314 billion of UK trade now covered by trade credit insurers, over 4 million is being paid by Trade Credit Insurers every week, the highest level since 2009 (ABI).

Our Services

At TCIC, we acquire terms on your behalf from all insurers operating in this class of business, ensuring that you can make a fully informed choice as to the facility which best suits the requirements of your business. The terms proposed will cover your business against the insolvency or default of insured customers, on provision of some information about your Company's recent history, the nature and volume of your business and current customer base and markets.

TCIC will remain accessible and available to you throughout and beyond the policy term, to assist in as much or as little of the policy administration as you require. We are happy to take a proactive role on your behalf, particularly should any issue arise requiring negotiation with the underwriters, or in the event of a claim arising.

Credit Insurance

Credit Insurance protects your business against the impact of a customer's failure to pay, due to their Insolvency or Default. The Insurer will back your judgment, based on sound trading history, or status information, to establish cover on your main customer base, and provide in-depth analysis, and commercial awareness, to agree with you suitable credit limits where more substantial balances are involved - or enable you to identify those who represent a higher than acceptable credit risk.

Provision for intervention against delinquent payers can be included in the deal, or you can opt for the flexibility of managing aged debtors without an Insurer's oversight. Ultimately though, a Credit Insurance Policy typically pays 90% of a VAT exclusive debt in the event of a customer's Insolvency or Default. TCIC will guide you through the various options, and the sources that offer them, and provide back-up for the lifetime of your Policy.