Product update: SMEs protected from insolvency

The policy has been designed to be as helpful as possible for SME customers with a turnover up to £10m and offers benefits such as a 5% discount for those that pay the premium upfront, a 21-day cooling off period and a fixed price.

Pete Davies, country manager of Atradius, said: "SMEs are hit particularly hard when one of their customers goes insolvent. For some, it may be the final straw."