The cost of trade credit insurance is calculated as a percentage of your turnover combined with the level of risk.
Your insurer will assess the risk based on trading history, your customer ratings, credit terms, loss history, business sector, customer location and factors such as the need for non-cancellable credit limits or whole turnover cover.
Insuring your accounts receivable is a little different to any other insurance policy when it comes to questions about cost. As with most insurance policies, price is calculated against risk and specific requirements, which means that every policy is costed individually. You can also reduce the cost by choosing to take a greater risk share.
With Atradius New Zealand Credit Insurance, our small business product (Modula First) ranges in premium from NZD 4,550 to NZD 9,995. Modula First tends to suit smaller businesses with a turnover up to NZD 5 million. Our Modula Policy allows us to provide you with credit insurance tailored to your requirements, so you don’t have to pay for something you won’t need. Atradius Modula is ideal for businesses with a turnover in excess of NZD 5 million.
Atradius credit insurance solutions
Designed for larger businesses, this credit insurance policy covers domestic and export trade.
Perfect for SMEs, this policy is for domestic trade only (Australia and New Zealand) and covers normal trading receivables exposure up to NZD 100,000.
The Atradius Australia Media Policy is designed for the unique needs of the media and marketing communications industry.
Multinational businesses operating from locations around the world benefit from the global view and local expertise of our Global service.
From non-cancellable cover to long-term projects our Special Products solutions are unique, designed to cover things like catastrophic events and political situations that arise outside of your control.