Trade Credit Insurance is a solution designed to protect your business from the risk
Trade Credit Insurance is a solution designed to protect your business from the risk of default on trade receivables.
This insurance covers the financial losses you incur when your customers are unable to pay their bills, whether due to bankruptcy, default, political risk, or other reasons.
This insurance provides coverage for the possibility of non-payment of receivables due to various factors, such as:
1. Customer bankruptcy: Insurance will cover your financial losses if your customer goes bankrupt and cannot pay his receivables.
2. Default: Insurance will cover your financial losses if your customers fail to pay their receivables for other reasons, such as financial difficulties or fraud.
3. Political risk: Insurance can cover your financial losses due to political changes in the export destination country which cause delays in paying receivables.
Benefits of Trade Credit Insurance:
1. Protects capital and cash flow: This insurance ensures you receive payment for accounts receivable, s
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