Domestic and Export Coverage
Trade credit insurance in Singapore offers flexible protection based on your business model and market exposure.
For domestic sales, coverage typically includes:
- Buyer insolvency
- Prolonged default or late payment
For export sales, coverage expands to include:
- Public buyer risk (e.g., foreign government buyers failing to pay)
- Restrictions on fund transfers between countries
- Import/export bans or embargoes
- Political risks such as war, riots, or expropriation
By tailoring coverage to your specific risk profile, this policy helps mitigate the unpredictability of doing business across borders while ensuring continuity at home.
Key Benefits of Trade Credit Insurance
Effective mitigation of credit risks from both local and international buyers
Financial protection against non-payment, insolvency, and political risk
Greater balance sheet stability and improved working capital
Predictable cash flow for better budgeting and growth
Insights from insurers’ credit assessments of your customers
Easier access to bank financing and lower borrowing costs
Expansion support without over-reliance on letters of credit
Debtor Risk Management and Recovery
One of the key advantages of trade credit insurance in Singapore is access to professional credit risk management tools. Partnering with an insurer provides strategic support in monitoring your buyers' financial health, not just coverage.
- ✅ Evaluate and track the creditworthiness of customers before extending payment terms
- ✅ Reduce internal costs associated with chasing late payments or bad debts
- ✅ Focus on sales growth with confidence that potential losses are actively mitigated
These services ensure your receivables are backed by reliable information and support, enabling stronger financial decisions and a more resilient cash flow structure.
Qualifying Criteria
To benefit from Enterprise Singapore’s grant support for trade credit insurance in Singapore, your company must meet the following criteria
- 🏢 Be registered and incorporated in Singapore
- 📊 Have made less than S$100,000 in sales to the target overseas market over the past 3 years
- 🏢 Hold a minimum of 30% local shareholding
- 👥 Have a group annual turnover of S$100 million or less, or a total of 200 employees or fewer
Meeting these conditions allows your business to access government co-funding to reduce the cost burden of premium payments while expanding into new regions.
Premium and Cost Factors
The cost of trade credit insurance in Singapore is influenced by several factors specific to your business and customer base. These include:
- 💼 Your total insurable turnover
- 🌍 The countries and regions your buyers are located in
- 📈 The level of risk associated with your industry sector
- ⏱ The credit terms and payment durations you offer
Our team will work closely with you and the insurer to evaluate these elements and tailor a cost-effective policy that matches your risk appetite and growth plans. Looking for other types of commercial coverage? Learn more about our commercial motor insurance broker services.
Policy Features
- ⚡ Flexible coverage for both domestic and export sales
- 🛡 Protection against commercial (insolvency, default) and political risks (war, trade restrictions)
- 💰 Indemnity coverage of up to 90% of invoice value
- 📊 Ongoing analysis and updates on buyer credit risk profiles
These features allow businesses to operate with greater confidence, especially when selling to new or high-risk clients.
Get Expert Advice on Trade Credit Insurance in Singapore
Navigating the risks of customer non-payment—whether locally or overseas—can be complex, but the right insurance partner makes it easier. A comprehensive trade credit insurance policy offers essential protection, supports your cash flow, and gives you the confidence to pursue new business opportunities without the fear of financial loss.
For expert guidance, businesses can turn to a reputable Singapore insurance broker like AWG Insurance Brokers Pte Ltd. With over three decades of industry experience, they offer tailored trade credit solutions and access to international insurers to help clients protect their receivables and expand with confidence.
Contact us today or fill out the form below to get started!
How To Apply
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