Credit Insurance protects companies and financial institutions against the default of customers they sell on credit terms to, by covering the risk of non-payment. Non-payment may be due to buyer?s insolvency, protracted default or economic and political conditions, which are out of the control of the seller and buyer.By insuring payments, Credit Insurance strengthens a company's balance sheet, reduce credit management costs and help companies growing their business by supporting the financing of Trade receivables. In a business climate that is fiercely competitive and increasingly unpredictable, your ability, as a growing enterprise, to safeguard against bad debts and to ensure the safety of your cash flow assumes greater significance.Our Insurance Policy will give you the option of combined protection against the risks of both export and domestic sales; all insured under one policy with an indemnity level of up to 90 percent of your whole turnover.
