Credit insurance product Red Flag Alert Protection has launched.

The new product has been developed jointly by Begbies Traynor, business rescue, recovery and restructuring specialist, and the trade credit & bonds division of independent insurance broker R K Harrison Financial Risks.

The service aims to provide certainty and expediency over the whole credit insurance process and is available to businesses with turnover of up to £10m in UK sales. It enables them to secure up to £35k worth of insurance cover on each company they extend trade credit to.

Red Flag is underwritten by credit insurers, Atradius Credit Insurance, and will be marketed by R K Harrison Financial Risks.