TCI
Trade Credit Insurance
Receivables protection for sellers and exporters when approved buyers fail to pay because of insolvency or protracted default.
Indicative premium
Usually linked to covered turnover.
Default waiting period
Typical protracted default period after due date.
Credit limits
Coverage follows approved buyer limits.
Declarations
Turnover reporting and reconciliation.
Best suited for
Where this product fits
Coverage Summary
What this product is designed to cover.
Approved buyer insolvency affecting eligible invoices.
Protracted default where an eligible invoice remains unpaid after the waiting period.
Covered receivables up to the approved buyer credit limit.
Collection support where available under the product structure.
Digital Journey
From application to policy record.
Meridian’s public product journey is designed to feel simple for the client while maintaining underwriting discipline behind the scenes.
Step 1
Buyer limit request
seller requests or uses approved discretionary limits.
Step 2
Invoice eligibility
sale must fall within the policy period and credit terms.
Step 3
Overdue declaration
unpaid invoices are notified within the required timeframe.
Step 4
Claim filing
after waiting period or insolvency, evidence is submitted for assessment.
Documents typically requested
Buyer details and requested credit limit.
Invoice, purchase order and delivery evidence.
Ledger ageing and overdue communication.
Proof of debt or insolvency documents where applicable.
Indicative terms
Coverage applies only to eligible invoices and approved buyers.
Maximum credit period and buyer limit must be respected.
Overdue notification is a critical condition.
Turnover declarations support premium reconciliation.
Important limitations
Disputed invoices where a bona fide commercial dispute exists.
Trading above an approved credit limit at the seller’s own risk.
Failure to notify overdue invoices within required time.
Invoices outside covered terms or policy period.
Example Use Case
How a buyer may use TCI.
A UK exporter ships goods to an approved overseas buyer on 90-day terms. The buyer fails to pay and later enters insolvency. TCI is designed to protect the eligible receivable, subject to buyer limit, waiting period and policy conditions.
Claims and notification logic
Next Step
Ready to structure this cover?
Start an application with the contract, supplier details and requested coverage amount. Meridian will guide the rest of the workflow.