Trade Credit Insurance
Trade Credit Insurance indemnifies the policyholder for the invoice value of goods delivered to a customer but unpaid due to the customer’s insolvency or default.
Products
- Domestic and Export Credit Insurance (DECI)
- Domestic, foreign or global accounts receivable protection is provided for any loss arising from buyer payment default due to insolvency, protracted default or the failure of the exchange authority in the buyer’s country to transfer foreign currency.
- Trade Credit Multinational Programs
- Global accounts receivable insurance with local policy issuance for foreign subsidiaries wrapped by a Controlled Master Program (CMP) provides integrated coverage for insolvency, protracted default and currency transfer risk on your global accounts receivable asset.
- Top Accounts or Single Buyer Coverage
- Accounts receivable coverage for your top/key customer(s) domestically or globally, whether for the company as a whole or for a subsidiary/division, can be provided under our DECI policy form.
- Bank and Financial Institutions Products
- A full menu of trade credit insurance options is available for financial institutions engaged in the non-recourse financing of domestic and/or foreign trade receivables.
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Why is this important?
Trade credit insurance is critical because it protects businesses against non-payment for goods or services, covering risks like customer insolvency, protracted default, or political instability. It secures cash flow, enables safer expansion into new markets, improves financing options, and provides vital credit intelligence on customers. We do it all. Whether you are involved in offshore oil exploration, laying local pipelines, or building power plants or wind turbines, our experienced team is here to help.
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Why choose Fenchurch Faris?
Our focus is exclusively on the MENA region with access to all major international insurance markets. So our team is keen to assist from the earliest phase to ensure information is presented to underwriters in the appropriate manner.