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Trade Credit Insurance

Trade Credit Insurance protects manufacturers, traders and service providers against losses from non-payment of a commercial trade debt. If a buyer does not pay (often due to bankruptcy or insolvency) or pays very late, the trade credit insurance policy will pay out a percentage of the outstanding debt.

The primary function of trade credit insurance is to protect sellers against buyers that do not or cannot pay. It insures against a buyer that has declared bankruptcy, insolvency or a similar legal status, as well as protecting insureds against buyers who delay payments under a bankruptcy protection arrangement.

  • Extensions:

  • Pre-requirement:

      Broker of Record
      Commercial Registration
      Wassel /National Address
      VAT Certificate
      Proposal Form
      3 years claims experience
      A declaration letter if first time insurance
      A Copy of Contract (Single Project)
     3 years Audited Financial Reports in English

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