Protect your business with Debt Protect
Trade credit insurance for SMEs
Businesses that offer their customers credit terms are vulnerable to the risk of non-payment. If your customer does not pay their invoice on time or loses the ability to pay you, those outstanding receivables become a bad debt which in turn becomes your loss. Debt Protect is Aon’s exclusive trade credit insurance policy that can protect you against the risk of such losses and will support your business continuation.
A bad debt will not only wipe away profits, it impacts cash flow, weakens the balance sheet and takes your time away from the daily running of the business. You may think that as a small business your risk of bad debt losses are low or that getting such a product could be costly, but a trade credit insurance or bad debt insurance policy tailored to suit risks commonly faced by businesses with smaller revenues could provide a cost-effective option to protect your business against bad debts.
Debt Protect can be a simple and low-cost credit insurance solution to suit businesses that have an annual turnover of between $5M up to $50M.
Why choose Debt Protect?
- Market leading rates unchanged post COVID
By purchasing your credit insurance policy through Aon, you can access a clear and transparent pricing model based on turnover which makes it quick and easy to identify your premium. In addition to the competitive pricing, we have negotiated competitive policy terms and reduced credit limit fees.
- No more invoice chasing
Access to a team of global debt collection specialists and benefit from up to 100% cover for collection costs and legal fees (excl. GST) for insured cases.
- 24/7 online policy management
You can view and manage all your policy and credit limit information at any time and from anywhere with access to an online portal. Managing your trade credit insurance has never been easier.
- Fast-tracked claims
The claims process is fast and efficient helping you recover from your losses as quickly as possible. The insurer will assess trade credit insurance claims under $40,000 within 5 working days of receiving all claim documents.
No. 1 Global Credit Broker
Aon is the leading trade credit broker in terms of annual premium placement and as such we have a strong relationship with each key insurer to assist our clients to maximise value from the market.
Our team is one of the most experienced in the industry comprising of brokers and ex-insurers with many years of experience in the trade credit market. Our low client-to-broker ratio means we can actively service clients in all states.
Using our depth of understanding we negotiate a competitive combination of premium, cover and service, designed to meet the individual needs of our clients.