Explore the solutions we offer for your business
- Trade Credit Insurance
- Surety Bond
- Business Interruption
Trade Credit Insurance
Trade Credit Insurance protects businesses against the risk of their clients not paying (or paying later than agreed) for goods or services sold on credit.
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Surety Bond
Surety Bond is an alternative to bank letters of credit, which guarantees the fulfillment of certain contractual obligations assumed by the Principal (or Policy Holder) before the Obligee (or Insured), thereby protecting the interests of the latter.
In the context of Public Contracting, for example, it is common for the contracting authority to require the contractor to present a surety bond (or bank letter of credit).
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Business Interruption
Business Interruption Insurance (also known as Loss of Profit Insurance) indemnifies the Insured for financial losses sustained as a result of its activities being halted or reduced, provided that such stoppage or reduction is caused by an event covered under a property damage insurance policy (e.g., fire, flood, machinery breakdown, etc.).
Most commonly, the policy will pay for Fixed Costs (e.g., rent and lease, salaries, loan repayments, etc.), Supplementary Costs and Gross Profit.
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