About the Service
A technology-driven solution that protects accounts receivable against prolonged non-payment, including non-payment resulting from a counterparty’s bankruptcy. It supports sales on deferred payment terms and purchases with prepayment.
Purpose of Cover
- Financial protection for the company
- Expanded opportunities for sales and purchases
Insured Events
- A counterparty’s failure to meet its financial obligations to the company
Scope of Indemnity
Includes, but is not limited to:- The amount of overdue accounts receivable
- Related legal and other loss mitigation expenses
