E&O - Errors & Omissions Insurance (E&O)

The insurance pays the contract value of the delivered orders of the insurance-buying enterprise if the customer (the purchaser) delays or fails to pay the debts.

Insured Risk – payment risk

• Business Partner goes bankrupt
• Business Partner is late on payment (Protracted Default)

Insured risk – political risk

• Political instability
• Natural disaster
• War
• Pandemic
• Cancellation of export license

The benefits of Trade Credit Insurance for enterprises

• Getting information of buyers in different geographical areas
• Protection of director/ executive liability
• Support to find attractive capital sources from financial institutions for business activities.
• Expand exports to new markets and boost sales
• Minimize the risk of affecting the Balance Sheet / Bad Debt
• Support for credit risk management/debt recovery with the lowest fee rate

• Wrongful or dishonest acts or omissions of the Insured or its agents
• Commercial Disputes between the Insured and the Buyer
• Insolvency or financial default of any party except the Buyer
• War between any of the Five giant countries