If your company regularly sells your products and services on credit terms, you are in high risk category to incur a substantial bad debt due to the insolvency or default of one or more of your buyers.

Trade Credit Insurance covers you for insured losses arising from the delivery of goods or services to your Australian and Export Trade customers due to their insolvency or protracted default.

GSA Trade Credit prides itself on its team of specialists, with industry experience spanning more than a combined 65 years. Even if you already insure your debtors, we are confident that after carefully assessing your exposures we can deliver new and innovative solutions, and see that you get the best possible outcome.

Benefits of this insurance are outlined below:

Domestic and Export Credit Insurance

Provides cover for businesses against bad debts due to non payment through the insolvency of one or more of their buyers or from protracted default. The benefits of this insurance include:

• Balance sheet and cash flow protection
• Aiding confidence in increased sales
• Opportunity to reduce bad debt reserves
• Strengthens your borrowing position
• Improved budgeting (i.e. a known insurance premium vs. unknown losses)

Complete and fax back the Trade Credit Application Form and we will contact you to dicuss your Trade Credit requirements.

Dowload the Application form here

Some tips for completing the form:

• Section 3: Set out your estimate Insurable turnover for each state for the next 12 months (Exclude: Cash sales, sales to Government departments, your subsidiary/associated companies and GST where applicable)
• Section 5: Tick the appropriate boxes
• Section 6: Pick up the figures from your latest Aged Debtor Balance
• Section 7: Leave Blank (we will fill-in from information provided from your Aged Debtor Trial Balance)
• Section 8: Complete from your records (Only take up losses due to non payments as a result of insolvency/ Protracted default of your debtors, leaving those figures which you have written off as uncollected due to disputes)
• Section 9: List those accounts causing concern (unlikely to receive payments and which are now overdue beyond 90 days) if any
• Section 11:List the Credit Limits which you will require for your top 7 buyers (Say 3 months of sales as a guide for each customer)
• Section 12: Complete the number of days in each of the boxes
• Section 14: Sign in the appropriate box