Credit Insurance Solutions
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Trade Credit InsuranceOur Trade Credit insurance is developed specifically for traders/manufacturers in the domestic and export market.
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The Policy will indemnify the insured against non-payment for goods and services by a buyer, due to:
Insolvency If the Insured buyer has been proven to be insolvent, the Company will indemnify the Insured up to the percentage of Invoice Value or Indemnity Value as provided in the Policy Schedule.
Protracted Default: The Company will indemnify the Insured should a buyer fail to make good or compensate the Insured for the value of goods dispatched to `Insured’s buyer(s), or any outstanding amount due to the Insured.
Default arising from Frustration of Contract: The Company will indemnify the Insured for non-payment from the Insured’s buyer arising from contract frustration as a result of natural disasters, political or economic upheaval, but only to the extent stipulated in the Policy and Policy Schedule.
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Disclaimer The information above is just a summary of this product. For more information on precise terms, exclusions and conditions, you may read the policy wordings and product disclosure sheet or you may send in your enquiry.