Trade Credit Insurance - Overview
Read this guide to assist you in assessing your insurance requirements.
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Credit Risk Insurance is a product that insures your clients trade receivables against non-payment, whether as a result of commercial or political risk.
Insurers provide a range of tailored products in the Domestic and Export Markets including:
Open Trader Cover (Whole Turnover Cover)
Top Trade Cover (Major Account Cover)
Catastrophe Cover (Aggregated Loss Cover)
Export Cover (including Political Risk Cover)
The two most common credit insurance policies are the whole turnover policy, covering all debtors and the major account policy that works on the same principle but covers a defined number of debtors.