A collection of thoughts and useful information

Credit insurance


Single Invoice Credit Insurance

Prophet offers single invoice insurance in partnership with Nimbla. 

If one of your customers becomes insolvent before the invoice is paid, you'll be covered for any money that is lost.

Get a Quote online or speak to a member of our team to find out more on 01423 201800.



Interested in pursuing overseas opportunities but worried about customers defaulting on payment? You can now insure invoices to companies in the following European countries:


This is in addition to the other countries we added in February: Ireland, Germany, France, Belgium, Portugal, The Netherlands, Luxembourg, and Switzerland.

Simply sign in to your account and select the country of your choice from the dropdown menu when creating a quote.

Credit insurance

a recent July 2015 article in Construction News highlights the financial stress that firms in the construction sector have suffered in recent months, a fact borne out by a spike in the number, and size, of failures in the sector that has seen credit insurers settle some very large claims in 2015.

for information on credit insurance in the construction sector, please email or call us on 0845 456 8838.

Credit insurance

Atradius - Country Report USA - April 2015

Credit insurance

On 29th March, the Insolvency Service published UK insolvency statistics for Q1 2015 to March.

  • Total company insolvencies in England and Wales were at their lowest level since Q4 2007.
  • Creditors’ voluntary liquidations were at their lowest level since Q2 2008. However, compulsory liquidations increased for the first time since Q1 2014.
  • The number of administrations increased on the previous quarter but were down on the year, while receiverships and company voluntary arrangements both declined to their lowest level since Q4 2007.

Download an infographic.

Credit insurance

AIG UK have launched a revolutionary new trade credit product for businesses with annual sales between £10M and £50M.

Offering “ground up” cover and non-cancellable insurer credit limits, and linked to the policyholder’s accounting package, AIG Trade+ continually monitors debtor payment performance and applies for higher insured limits where needed and reports late payers to the insurer automatically.

For more information, and to obtain a quote, please contact David Encell on 0845 456 8838.