Trade Credit policies will cover non-payment due to specific political risks outlined in the policy. It does not cover all political risks, like strikes, riots, or nationalisation of your company assets.
If you need broader coverage for political risks, it would be useful to consider Political Risk Insurance.
Political risks concern situations where your buyer cannot pay, or goods cannot be delivered due to war, terrorism, riots, or actions by governments. Failure to pay by a public buyer is always considered a political risk.
Interested in purchasing Political Risk Insurance for your company? Get in touch with our expert brokers today.