Traditional credit insurance does not provide cover: now what?

Published on 18/11/2016

There are commercial and political credit risks, which cannot be covered by traditional credit management products. Think of unilateral transactions or continuous shipments to a particular buyer, anywhere in the world. This is not to say that these risks cannot be covered at all. There are certainly options so that your business operations are not at risk.

Bespoke for financial risks

Xolv offers customised cover for the financial risks associated with export and domestic trade transactions, contractual guarantees, international trade and foreign investment. Credit limits are almost always non-cancellable. Moreover, it is possible to agree on a longer term, depending on the country of export.

Types of coverage

There are several types of insurance products, each offering different coverage. Listed below are the benefits of some insurance products:

Single contract cover
Flexibly provides protection against risks associated with specific assignments.

Single Buyer Cover
Provides protection against risks associated with a specific buyer in a flexible manner.

Advance Payment and Supplier Funding Cover
Protects you up to 95% of the deposit, in case your supplier goes bankrupt and is unable to fulfil the order.

Excess of Loss Cover
It is specifically designed to protect companies against catastrophic loss. It includes a flexible method for acquiring protection against commercial and political risks across the debtor portfolio.

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