Australian resellers are facing a clamp down on credit conditions and limits as the leading insurance companies tighten their policies and terms to defend against the global downturn.

Australian resellers are facing a clamp down on credit conditions and limits as the leading insurance companies tighten their policies and terms to defend against the global downturn. Last month, credit insurer, Coface, cut select customer limits across high-risk industries, including IT, by 30 per cent. Australia’s three other main credit insurers, QBE, Euler Hermes and Atradius, have also been reviewing customer accounts and terms in a bid to minimise and contain risk.