PROTECTING THE INSURED AGAINST THE RISK OF
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
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.
The premium is expressed as a percentage of the insurable turnover. The premium is determined by the underwriting team and takes into account the countries in which exports are made, level of trade losses in the portfolio, risk factors of the sector.
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.
Employee Benefits Insurance | Directors and Officers Liability Insurance | Commercial General Liability Insurance | Professional Indemnity Insurance | Cyber Crime Insurance | Loss of Profits Insurance | Asset Insurance | Event Insurance | Trade Credit Insurance
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