Credit Insurance

Stephen A. Jones ()
Additional contact information
Stephen A. Jones: AXS Trade Finance Ltd.

Chapter 15 in The Trade and Receivables Finance Companion, 2019, pp 235-251 from Springer

Abstract: Abstract A company is exposed to several risks when selling their goods overseas. Causes of non-payment which are of no fault of the seller can usually be covered by insurance. Whilst credit insurance can be used to enhance the quality of the source of repayment, being the buyer and their country, the financier relies upon the terms, conditions and extent of cover provided, and the client’s compliance with the requirements of the policy. This chapter describes the key aspects of the contract of insurance which need to be evaluated prior to the release of finance, to include the insured percentage, deductibles, type of cover, maximum annual policy limit and the terms, conditions and restrictions.

Keywords: Aggregate first loss; Claim waiting period; Commercial risks; Contract of insurance; Credit insurance; Credit insured limit; Declarations; Deductibles; Evaluation; Excess; Insured percentage; Insured risks; Insurer status; Joint insured; Loss payee; Losses arising; Maximum extension period; Maximum policy liability; Minimum retention; Non-recourse financing; Period of cover; Policy performance; Political risk; Pre-delivery risk; Protracted default; Retention of title; Risks attaching; Third party country risk (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-25139-0_15

Ordering information: This item can be ordered from
http://www.springer.com/9783030251390

DOI: 10.1007/978-3-030-25139-0_15

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().