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