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