International and local trade presents special challenges which differ from those of the general business risk. Credit & Political Risk offers coverages which transfer the unforeseen risks of trade or operations in modern economies as well as emerging markets and developing parts of the world.
The financial loss resulting from the non-payment of your largest customer, frustration of a foreign trade contract, or interference in a foreign investment or local subsidiary as a result of either direct government action or political, economic or social instability can provide significant hazards for international trade.
Trade Credit insurance protects against non-payment brought about by credit risks such as default, insolvency or bankruptcy.
Political Risk insurance protects against non-payment due to exposure to political force majeure events, including acts of terrorism and war and other political violence. It also covers the risk that payment cannot be made due to actions by a foreign government.