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