Coronavirus help and support for our Towergate Insurance Brokers customers

Credit Insurance

Credit Insurance

As the Towergate Group includes both insurance broking arms and specialist underwriting agencies, we are ideally qualified to advise you and arrange Credit Insurance that suits your business needs.

We appreciate that credit is vital to trade for small and medium sized businesses but increasingly difficult to secure in tough economic conditions. So, our approach is to give you access to a broad range of insurance products at a time when many of our competitors are withdrawing from supporting this aspect of the market.

Suffering a bad debt can cause a business to fail, so Credit Insurance is well worth considering if you sell a product or service to businesses on credit terms. For instance, if your profit margin is 5% and you suffer a £25,000 bad debt, you will need to increase sales by £500,000 just to recoup the lost profit from that bad debt.

Causes of loss that Credit Insurance can protect you against include:

  • Customer Insolvency – Administration, receivership, bankruptcy and liquidation.
  • Protracted Default – Client non-payment of your invoices after a specified period due to lack of funds and where the debt is not disputed.
  • Political Risk – Losses arising from government intervention e.g. currency inconvertibility, cancellation of export or import licences, war and natural disaster.

The specialists at Towergate can assist with many aspects of credit management and risk analysis. 


Key features

Count on the expert team at Towergate to arrange Credit Insurance for your business with benefits that include:

  • Peace of mind – protection of debtor item, profit and cashflow
  • Improved access to finance
  • Protection for shareholders against loss profits
  • Balance sheet protection
  • Bad debt avoidance through improved market intelligence
  • Assistance with risk assessment on customers and markets
  • More effective sales targeting
  • Enhanced credit control procedures
  • Reduction in bad debt reserve

Contact our Nationwide specialist broker in Milton Keynes

3rd Floor Exchange House, , 486 Midsummer Boulevard,, Milton Keynes, Buckinghamshire, MK9 2EA

01908 258 388

Opening times

Monday – Friday 8:45am - 5pm

Coronavirus (Covid-19) – Update for Towergate customers

During the COVID-19 Coronavirus crisis, we want to reassure our customers and partners that we are following UK Government guidance,
and as a result our national offices are closed to both safeguard the health of our employees and our ability to look after our valued clients.
Where possible, our employees are working from home and we are still fully able to support with renewals, new cover requirements and
claims guidance and support. This includes giving our colleagues the ability to work from home or alternative locations,
which we hope will limit the disruption and enable you to speak to us for advice and support should you need it.
Read more