Absolutely! Credit insurance policies can often be tailored to provide additional coverage or address specific needs and situations. Here are some common ways to customize coverage: Top-Up Coverage: Increase Buyer Limits: If you secure a contract with a high-value buyer exceeding your ...

Yes, there are coverage options within the realm of credit insurance (and additional insurance products) that can protect your business against losses caused by natural disasters or other unforeseen events. Here’s a breakdown: Credit Insurance – Political Risk Export Credit Insurance: Often ...

While traditional credit insurance primarily focuses on non-payment for goods or services already delivered, here’s what you need to know about protection against project or contract cancellation: Limited Coverage in Standard Policies: Project Cancellation: Most credit insurance policies do not directly cover ...

The coverage of losses from currency fluctuations in credit insurance depends on the specific policy and insurer. Here’s a breakdown of possible scenarios: Indirect Coverage: Standard Policies: Most commonly, credit insurance offers indirect protection against currency fluctuations. If the buyer becomes insolvent ...

Typically, non-payment solely due to commercial disputes between you and the buyer is NOT covered by standard credit insurance. Let’s understand why: Focus of Credit Insurance: Credit insurance primarily protects against unforeseen risks of non-payment like insolvency or protracted default. Commercial disputes fall ...

Here’s how captive insurance gives companies a structured and regulated way to essentially self-insure their risks: Formalized Self-Insurance: Instead of Outsourcing: Rather than relying entirely on external insurers, the company creates its own dedicated insurance subsidiary. Control of Premiums: The company pays premiums ...

A captive insurance company is a unique form of insurance where a parent group or groups create their own licensed insurance company to primarily insure their own risks. It’s a form of self-insurance, but with a more formalized structure. How It ...

Here’s how excess and surplus lines (E&S) insurance opens up coverage possibilities for those shut out of the standard insurance market: Embracing High-Risk: Cater to Unusual Circumstances: E&S insurers specialize in risk profiles that standard insurers deem too unpredictable or likely to ...

Excess and surplus lines insurance (E&S) is a specialized market for insuring risks that traditional insurance companies won’t cover. Here’s what makes it unique: Why Choose E&S Insurance? Unusual or High-Risk Situations: E&S insurers cater to risks that fall outside the standard ...

Here’s how reinsurance specifically helps insurance companies manage the risks they take on when insuring individuals and businesses: Managing Catastrophic Losses: Unpredictable Disasters: Hurricanes, floods, earthquakes, and other large-scale disasters can generate claims far exceeding a single insurer’s financial capacity. Reinsurance as a ...