Trade-credit insurer Atradius has teamed up with its appointed representative CMR, to launch Modula First, a new trade credit insurance product aimed at helping smaller businesses manage their trade credit.

The product has been jointly developed by the two businesses and offers the benefits of a trade credit policy with a transparent pricing which is easy to understand for small and medium-sized businesses (SMEs).

The policy, designed specifically for businesses with a turnover up to £5 million, which covers commercial risks across Malta, Cyprus and the OECD nations, has a fixed price, 90 per cent indemnity and free debt collection.