Insurance
Financial Protection Insurance
Trade Credit Insurance
What does it cover?
This policy covers a seller against the risk of non-payment from their corporate buyers. Trade Credit Insurance cover both export and/or domestic credit.
It covers on B2B and for sales on open account or credit term only
Key Coverage
Trade Credit Insurance protects your business with account receivable protection against losses due to credit risks such as customer’s insolvency, bankruptcy and failure to meet agreed payment terms and conditions.Â
This insurance insures your company against your customers’ failures in paying their trade credit debts owed to you. As such, the trade credit insurance gives you the confidence to grow your business by minimizing your credit risk exposure, enhancing your relationship with customers, forging new customer relationships, improving banking relationships and access to finance.
Commercial risk: It covers against insolvency of your customer and protracted default
Political risk: It covers against transfer delay, war and natural disaster
Basic of Sum Insured
Based on the estimated turnover and indemnity up to 90%
What We Don't Cover
Note:Â
This list is non-exhaustive. Please refer to the sample policy contract for the full list of exclusions under this policy.
- Sales under advanced payment or secured terms
- Sales to associated companies or individuals
- Domestic sales to government entities
- Loss from currency fluctuations
- Disputes