Credit Insurance provides you with cover for one of the most complex areas of your business – your trade credit exposures.
Even the most rigorous and disciplined credit management cannot prevent occasional bad debts, therefore any business that provides products and services on credit terms should consider this cover. Most businesses insure their property, their plant and equipment and yet they don’t insure their Debtors Ledger, which is often their largest asset.
Export & Political Risks
We also offer full protection for export clients. When an overseas buyer does not want to establish a Documentary Letter of Credit and wishes to trade on Open Account or Documentary Collection basis, Export and Political Credit Insurance cover is a safe alternative to consider. We specialise in offering clients security against the following type of export and political risks:
- Contract Frustration due to war, riots etc.
- Inconvertibility of Currency
- Cancellation of Import/Export Licences
- Default by Government-owned Buyer
- Contract Cancellation by Buyer’s Government