Trade Credit Insurance
This cover protects against default by debtors/buyers in payment of receivables due to a company. Underwriting Africa Specialty offers three different options to Companies:
01
Whole Turnover
The entire receivables book is insured.
02
Top Tier
This cover is based on the 80/20 rule, which says that for most companies, the top debtors (usually around 20%) make up 80% of the company’s revenue.
03
Single Debtor
Suitable for single contracts with just one debtor. Our clients will protect themselves against non-payment by a single debtor.