Trade Credit Insurance for Businesses
Complete protection against payment defaults, created in partnership with Coface.
What is Trade Credit Insurance?
Many businesses operate on credit terms, allowing customers 30 to 90 days to pay for goods delivered or services rendered. While this supports growth and strengthens business relationships, it also exposes companies to the risk of delayed payments, customer insolvency, or protracted default, all of which can strain working capital and disrupt daily operations. Sukoon Trade Credit Insurance helps protect your business against all these risks involved throughout the entire credit sales cycle.
How Does Trade Credit Insurance Work?
Once credit terms are extended, the insurer assesses the buyer’s financial strength and assigns an approved credit limit. Receivables within these limits are covered against losses from customer insolvency, protracted default, and eligible export-related political risks. If a covered buyer fails to pay, you can submit a claim to recover insured losses, helping maintain cash flow while reducing bad debt exposure and supporting business growth with greater confidence.
KEY BENEFITS
Through life’s twists and turns, Sukoon is here for you
We combine our regional expertise in the UAE business landscape with global credit intelligence to help businesses manage credit risk with ease.
Who needs trade credit insurance?
Designed for businesses that sell products or services on credit terms such as manufacturers, wholesalers, distributors and suppliers.
Protection against business hiccups
Protecting your accounts receivable against losses arising from unpaid invoices, one of your most valuable business assets.
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In partnership with Coface
Sukoon helps you effectively manage credit through three essential pillars: information, protection, and collection.
Benefit from valuable insights
Insights on buyer creditworthiness, customer risk monitoring, and dedicated claims and debt recovery support for unpaid invoices.
PRODUCT RESOURCES
For more information, please refer to the product resources listed here.
YOUR QUESTIONS ANSWERED
We are here to help. Find the most commonly asked Home Umbrella Insurance Plan questions.
Buyer assessment is carried out by the insurer using financial information, payment history, credit records, industry trends, and other market intelligence to evaluate a buyer's ability to meet their payment obligations. Based on this assessment, the insurer assigns a credit limit, helping businesses trade with greater confidence while reducing the risk of non-payment.
We start by assessing the creditworthiness and financial stability of customers, in order to underwrite safe credit limits on them. We provide regular updates on those trading limits, adjusting them based on changing market conditions. In case of a non-payment event for an insured customer, we investigate, and if policy terms are met, we indemnify you for the insured amount.
Any business that sells goods or services on credit terms to other businesses can benefit from trade credit insurance. This includes businesses of all sizes and all industries, from small and medium-sized enterprises to large multinational corporations.
Yes, it is possible to cover existing, long-term deals. Each scenario is different and would need to be addressed on a case-by-case basis.
Trade credit insurance may help your business to access finance by providing reassurance to lenders and investors that you’re protected against non-payment risks. This can make it easier for your business to secure loans, overdrafts, and other forms of finance.
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Call us at 800 SUKOON (785666) for more information and to enroll over the phone.APPLY BY EMAIL
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Walk into our branches in person, to get information, apply, and enrol.