Most Suited Trade Credit Insurance
Offers customized insurance solutions to meet your needs in terms of protection and security.
What is Trade Credit Insurance ?
Business entities looking to safeguard their receivables from loss due to credit risks like protracted default, insolvency, or bankruptcy may purchase trade credit insurance, business credit insurance, export credit insurance, or credit insurance from private insurance companies and governmental export credit agencies.
Why is Trade Credit Insurance important?
To protect your business from insolvency, sufficient cash flow and in turn improved sales. It help you transfer your risk to protect your accounts receivable against nonpayment.
What is covered?
- Provides cover for businesses if customers who owe money for products or services do not pay their debts.
- Covers for exceptional losses over and above the normal level of bad debt by setting an aggregate first loss for the whole policy period.