Trade Credit Insurance
"Sales is the journey; Cash is the destination."
Trade Credit insurance helps companies reach their goals by ensuring that their hard-won sales convert to cash.
Trade Credit Insurance protects open account sales - export and domestic - against non-payment resulting from a customer's legal insolvency or default, and can be expanded to include political risks around the world.
Trade Credit insurance protection is typically sought by manufacturers and wholesalers selling products on credit terms to domestic and/or foreign customers.
For more information on credit insurance, click here.
- Why Tata AIG?
- Large financial muscle
- One of the world's largest and strongest financial services organization
- Presence in more than 130 countries across the world gives us a global perspective and we understand global markets.
- We can provide a variety of customized products to suit your insurance needs.
- We have settled a wide variety of claims across the world
- More than US $ 515 mn paid till Feb 2006
- Benefits of Trade Credit Insurance
Trade credit insurance can help you
- Expand sales to existing customers without increased risk.
- Offer more competitive credit terms to new customers in new markets.
- Help protect against potential restatement of earnings.
- Optimize bank financing by insuring trade receivables.
- Supplement credit risk management.
- Credit Insurance Product Offerings
We can provide customized Trade Credit Insurance products to suit the needs of our clients. The two major categories of products as under.
Comprehensive Excess of Loss Credit Insurance
This program is suited for medium to large sized companies with sophisticated credit departments who are seeking protection against large/catastrophic losses. This is a risk- sharing program, which can insure a company's worldwide sales.
Top Account Credit Insurance Program
This program is designed for companies who want to insure their top customers representing 80-90% of sales.
- Proposal Form
