Trade Credit

Trade Credit Insurance protects an insured in the event of losses sustained due to non-payment of a trade debt/receivable. It covers following type of risks:

Commercial Risk

  • Protracted Default: – Non-payment of an undisputed invoice beyond due date.
  • Insolvency of Buyer – The buyer files for liquidation or a receiver is appointed.

    Political Risk

    Non-payment due to Political reasons.

  • Currency Inconvertibility
  • Transfer Delays