Covers for bad debts, arising from insolvency of buyers, protracted defaults and contracts frustration due to various causes e.g. customs seizures of goods and loss arising from political risks
Credit Insurance, Business Credit Insurance, Export
Credit insurance, or Credit Insurance
These policies provide indemnity against bad debts. Trade Credit insurance can include a component of political risk to insure the risk of non-payment by foreign buyers due to currency issues, political unrest, expropriation etc.