Trade Cover Exchange is a credit insurance trading platform operated by Trade Cover Exchange International B.V. They are a Dutch company who are regulated and supervised by the Dutch Authority for Financial Markets (AFM).

They are also subject to limited supervision the Financial Conduct Authority (FCA) as they operate in the UK under an EEA passport. You will find their regulatory details by clicking the following links:

– The Dutch Authority for the Financial Markets (AFM)
– The Financial Conduct Authority (FCA)

No, registration is free and there are no contracts or tie-in’s to sign.

Yes, once you’ve registered on the platform, and validated your email address, you can then request your own quotes/cover and accept Insurer offers.

Yes, absolutely! Because the term of the cover is typically short we regularly find that cover unavailable on a Whole Turnover basis is available through the platform and as it doesn’t cost to find out then by all means make a request via the platform.

This is something to speak to us directly about because if cover has only “recently” been cancelled by your provider, and you have existing debts that are covered pre-cancellation, then you could be at risk from “Salvage” clauses within your existing policy. We can look into this for you, and advise accordingly.

No, if you already have cover in place elsewhere (Primary Cover) you cannot use the platform to top-up what you already have as you may be at risk of losing your existing cover, and any subsequent claims would be invalidated.

Your request will automatically be visible to the Insurers who will then provide quotes for the cover via the site. You’ll be notified by email as each quote comes in and once you log back in to the platform the offers will be there waiting for you.

Costs will vary depending on the risk involved, the amount of cover requested, and the duration of the cover. The cost will typically be a percentage of the invoice value and will be based on the internal assessment procedures of the Insurers quoting. All quotes are provided on a no-obligation basis, so if the cost doesn’t meet your expectations then you don’t have to accept the offers provided.

Each quote will have an “Accept” button next to it so you click that and confirm that you’re happy to accept the offer.

The Insurer will email you direct with either an online payment link, or a number to call where payment can be made. Once payment is made, the Insurer will then send you the policy document as confirmation that the cover is in place. You must read, and comply with, the specific conditions of your policy at all times. Failure to do this may invalidate your cover.

The procedures required may vary depending on the partnered Insurer and all procedures/processes will be stated within your Policy Document. Please note that at any time you can click the “General Questions” button on the platform which will generate an email link to Bridge Insurance Brokers Ltd.

Click on the “File a Claim” button which will generate an email link to Bridge Insurance Brokers Ltd and we will contact you to start the claims process.

With our “Enhanced Service” Bridge will process the transactions on your behalf and provide you with our usual broking services, which will be subject to our standard terms of business agreement.

If you would prefer to have this enhanced service then Bridge Insurance Brokers Ltd will charge a nominal fee based on expected usage, and will agree this with you beforehand.

If you do not opt for the Enhanced Service then Bridge Insurance Brokers Limited will not be acting as your agent as we are simply providing you with access to a trading platform run by Trade Cover Exchange. The platform will provide you with a number of quote options to choose from and once you select the option that meets your requirements you will transact and deal directly with the trade credit insurer you select.

Bridge can offer guidance on trade credit insurance in general, assist with accessing Trade Cover Exchange, provide general help and support on claims, but is not able to assist you in the selection of the most appropriate quote option.

Under the “Standard Access” we will receive a commission from Trade Cover Exchange, which is a percentage of the transaction premium you pay to the trade credit insurer. The “Enhanced Service” attracts an additional fee which will be agreed with you beforehand.