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Trade Protect
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Page Content 3 What risks does Trade Protect cover?
| What's Covered Your policy protects you against the risk of non-payment by your customers.
Where goods have been shipped within the coverage period and accepted by your customer, you will be protected for up to 90% of the losses sustained (capped at the approved Credit Limit).
Examples of why a customer might fail to pay you after accepting the goods:
- your customer declares bankruptcy
- your customer has cash flow issues and defaults
- hostilities in a particular market that prevent your customer from paying
- issues with currency conversion or transfer
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What's Not Covered Under certain circumstances we will not pay your claim for a loss. For example, we will not pay if:
- the loss relates to goods shipped outside the coverage period, including goods shipped prior to your applying for coverage
- the loss relates to goods shipped when your customer was already in default of its payment obligations to you by more than 60 days
- your customer is disputing the amount they owe you (we can only pay once the dispute is settled and the amount owing by the customer is clearly established)
A complete list of exclusions is set out in the policy. |
You are eligible* if:
- You have NOT yet shipped the goods or provided the services you want to insure.
- You are looking to insure $500,000 or less per customer.
- The payment terms you are extending to your customer are 180 days or less.
* Please note certain exclusions to coverage may apply.
Page Content Bottom Ready to get Started?
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To receive a free quote or to purchase a policy, you will need to sign up to access our online
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Have questions?
Speak to one of our representatives at 1-888-220-0047 weekdays 9am to 5pm EST or Submit a question.
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