What is trade credit insurance
There are a number of lifestyle-related diseases that are on the rise. Health issues such as cancer, stroke, kidney failure and cardiac diseases can be very expensive to deal with and manage longterm. This is precisely why critical illness insurance policies have been created. They can either be purchased as a rider or add-on with your regular health insurance plan or separately as their own plan. These policies offer cover for very specific issues and often provide claim pay outs as a single lump sum payment after the diagnosis of a critical illness.
Why to have trade credit insurance
There are a number of lifestyle-related diseases that are on the rise. Health issues such as cancer, stroke, kidney failure and cardiac diseases can be very expensive to deal with and manage longterm. This is precisely why critical illness insurance policies have been created. They can either be purchased as a rider or add-on with your regular health insurance plan or separately as their own plan. These policies offer cover for very specific issues and often provide claim pay outs as a single lump sum payment after the diagnosis of a critical illness.
What is covered
The policy has been design to cover insured against the commercial risks of their buyer’s default. Under this policy we will cover the portfolio of buyers and pay an agreed percentage of an invoice or receivable that remains unpaid as a result of covered causes of loss. The causes of loss covered under this policy are:
- Insolvency - protect your business against the risk of non-payment if a buyer becomes insolvent.
- Protracted Default – when buyer fails to pay the receivable within a pre-defined period calculatedfrom the due date of payment of the receivable.
What is covered
