Trade Credit Insurance provides companies that are selling their goods on credit with coverage for outstanding receivables that are within approved credit terms, protecting the Insured against risk of non-payment by its buyers!
The Policy covers loss due to any or all of the following risks:
Significant exclusions are:
Coverage is provided either 80% of the invoice value or 90% of the cost incurred last year by the insured, whichever is lower. Total number of invoices covered for a particular buyer would be limited to credit limit assigned to that buyer. A maximum liability is fixed under each policy. It is the limit up to which the Insurer would settle the claims under the policy.
We understand that to secure your business from risk is not enough which is why Ethika covers both Business and Personal Insurance Products and Services.