Credit Risk
Trade Credit Insurance provides indemnification for the non-payment of trade debts. Policies can be tailored according to a clients’ individual requirements.
With Trade Credit Insurance in place, companies can generally extend more credit to customers whilst reducing the risk of non-payment, thereby enabling sales growth without a corresponding increase in risk. Insurance can also enable a company to secure more favourable financing terms, as insured accounts receivable may be used as collateral.
We work with companies to ensure best practice credit procedures are in place, enhanced via third party risk information.
This allows for an improvement in cover, with access to more efficient and competitively priced insurance structures.
We cover:
- Single buyer credit
- Multiple buyer credit
- Excess of loss credit
- Credit solutions for banks and financial solutions
Credit Guarantee
Credit guarantee is the guarantee that often provides for a specific remedy to creditor if his debtor does not return his debt. For getting credit guarantee facility, creditor can take credit insurance policy for covering the risk of bad debt under risk management.
Export Credit Insurance
Export credit insurance specifically covers trade credit transactions involving export sales. It protects exporters against the risk of non-payment by foreign buyers due to commercial or political reasons, such as insolvency, default, currency transfer restrictions, or political unrest in the buyer’s country.
Single Buyer Policy
This policy provides coverage for trade credit transactions with a single buyer or customer. It is suitable for businesses with concentrated exposure to a particular customer or for insuring large individual transactions.
Selective Policy
Unlike a whole turnover policy, which covers all customers, a selective policy allows the insured to choose which buyers or transactions to insure based on their creditworthiness or risk profile. This type of policy provides greater flexibility and cost control but may not offer comprehensive coverage for all trade credit exposures.
Key Account Policy
Coverage is tailored to specific key customers or accounts that represent a significant portion of the insured’s sales or revenue. Key account policies allow businesses to prioritize protection for their most critical trading relationships.