What is Trade Credit Insurance?
An insurance that covers a seller against the risk of non-payment from their corporate buyers. Trade Credit Insurance cover both export and/or domestic credit.
What it covers?
Commercial Risks
Protracted Default
Insolvency
Political Risks
Coverage is extended to Government Moratorium, War, Transfer Delay, Contract frustration, Public Buyer Default,Discharge of Debt
Why Trade Credit Insurance
- Avoid unexpected losses
- Protect your cash flow
- Grow your business safely
- Secure favorable financing terms
- Access to buyer/sector risk insights
- Increase competitiveness of your business
- Boost your confidence to explore new markets/buyer
- Reduce the need for letters of credit (LC)
The Concept of Whole Turnover
Coverage is for sales on Open Account (OA) or with Credit Terms/Unsecured
Coverage is for Business-to-Business (B2B) only
Coverage is for Short Term Receivables Only (credit terms180 days or less. i.e. 30,60,90 days)
Whole Turnover (only Credit sales)
Domestic, Export or Both
Main Exclusion
- Sales under advanced payment or secured terms
- Sales to associated companies or individuals
- Domestic sales to government entities
- Loss from currency fluctuations
- Disputes
Have a question? Speak to our friendly agents.
Click on ‘Get in touch’ for more assistance.
You may also be interested in
Householders Insurance Claim Process
For submission of Household & Fire Claims
Burglary Insurance
Burglary Insurance turns losses into gains, and peace of mind.
Contractors All Risk (CAR) & Erection All Risks (EAR) Claims Process
For submission of Contractors’ All Risk (CAR) & Erection All Risks (EAR) Claims
SME Smile
SMEs Smile Insurance works smart to secure your business assets – and future growth.
Disclaimer
By clicking on “Continue to external site” below, you will leave Tokio Marine Insurance Group’s website and you will be redirected to a third- party website.
Choose your country or region
Visit HQ Pages
Visit Country Pages
Select your location and language
-
All
-
All
-
Asia Pacific
-
Australia
-
Americas
-
Europe
Singapore
Malaysia
Australia
You are currently on a site outside of your country Switch to external site?
Visit your local page. If you change your mind, you can use the dropdown at the top navigation to visit other Tokio Marine country pages.
You are currently on a site outside of your country. Switch to local site?
Visit your local page. If you change your mind, you can use the dropdown at the top navigation to visit other Tokio Marine country pages.