Get in touch with our team of experts now.
Get in touch with our team of experts now.
Product-related |
---|
Type of insurer A or AA rated insurer |
Causes of loss covered by the policy Commercial Risk, Political Risk, Natural Disaster Risk |
Credit limits Blind cover – USD5,000 (up to 75% cover) Discretionary limits – up to USD30,000 (90% cover) |
Decision time for credit limit @ rating system which makes credit limit decisions immediate (in info available) – else a committed maximum of 8 working days NR : EUR7,000 R : EUR10,000 @ : EUR 20,000 @@ : EUR50,000 @@@ : EUR100,000 |
Free online contract management tool Credit limit application & decision, claims management, declaration of turnover, notification of overdue accounts are all done online |
Profit share Predefined profit share in your policy (usually between 20% to 35% share after deducting claims and 30% management cost) |
Pending order Option included in your contract – Credit limit reduction : automatically covered for 90 days Credit limit cancellation : cover subject to our approval |
Disputed debt cover Option included in your contract – Maximum individual provisional indemnity amount : up to EUR100,000 and 3 max indemnities per insurance period 70 % cover |
Top liner cover Option included in your contract – You can buy additional cover if required for a maximum period of 9 months |
Credit insurance provides a protection for clients against unforeseen credit risk events that could result in accounts receivable losses i.e. bad debts. Companies that sell goods or services on credit terms are highly exposed to the risk of non-payment due to customer insolvency, protracted default and political risks that prevent the buyer from fulfilling its payment obligations. Credit insurance provides a safety net against such black swan events.
In short, credit insurance covers:The various types of trade credit insurance solutions include:
This insurance protects your investments, projects, goods and contracts against any unfair political action or inaction by a government that would cause damage, financial loss or business interruption in any of our member countries. It can also cover loss due to war & civil disturbance.
Political Risk Insurance (PRI) cover typically includes the risks listed below with the flexibility to include additional risks as per the needs of our customers.
1st Floor, MAB Court,
Royal Road, Beau-Bassin,
Mauritius