Trade Credit Insurance

What it covers

• Insolvency of the buyer and protracted default, subject to policy definitions
• Political risk extensions for export receivables where available
• Whole-turnover, key-account or single-buyer structures
• Credit limits set per buyer following underwriting

Commonly excluded

• Amounts above the credit limit approved for a buyer
• Disputed invoices until the dispute is resolved
• Sales made after a buyer's limit is withdrawn or cancelled
• Losses excluded by the policy wording or arising from non-compliance with its terms

Eligibility

• Established trading history and credit-control procedures
• Buyer portfolio and country spread acceptable to underwriters
• Documented terms of sale and invoicing practice

How a claim works

1. 01Follow the policy's overdue reporting deadlines strictly
2. 02Hand collection activity to the insurer's process where required
3. 03Provide contracts, invoices, delivery proof and correspondence
4. 04Indemnity is paid on the insured percentage after the waiting period