Trade Credit Insurance and Financial Risks Insurance
Trade Credit Insurance
Are You looking for a tool of Your business protection from unexpected losses?
Are You aware of making advanced payments to Your suppliers?
Are You looking for a fast factoring with most flexible conditions?

We can find You:

- The best tool to protect Your business from faults.

- Insurance policy for Your sales on credit terms and for advanced payments.

- Connect You with the institution that is ready to give You most probably the best and the fastest factoring offer.

Trade credit insurance protects manufacturers, traders and service providers against losses from non-payment of a commercial trade debt. If a buyer does not pay or pays very late, the trade credit insurance policy will pay out a percentage of the outstanding debt.

What kind of added value You will receive by insuring Trade Risks?

• Compensation for losses because of the buyers protracted default or insolvency

• You will secure the liquidity of the company

• You will save time and resources because monitoring of Your risks will be on the insurance company`s shoulders

• You will be able to become the best with your credit limits for the buyers and will be more focused on "core business"

• And a lot more…

If You are looking for security of Your sales, We know how to protect Your business!
    Contractor's bond
    Lately the necessity of contractor's bonds insurance has arisen much more often. It especially concerns smaller companies that act as subcontractors. Usually there is a separate clause in an agreement that concerns bonds insurance. By issuing such a policy, Insurer assumes responsibilities to compensate losses when Assured seizes their activities (for example, because of bankruptcy), without fulfilling all their contractual obligations.

      Credit Insurance
      • Credit Insurance protects Assured against unforeseen losses because of insolvency of their clients. It works, if Assured does not get payment for delivered goods / services rendered.
      • Directors and Officers Liability Insurance (D&O). This insurance is intended for a management of a company against possible lawsuits from third parties because of erroneous actions and decisions of officials. Under D&O policy an insured event is a damage to shareholders, employers, competitors and third parties due to errors and omissions while fulfilling official responsibilities.
      • Political Risks and Contract Frustration. Unpredicted political and economic situation may lead to huge losses. This kind of insurance is intended for traders, importers, exporters. Such a policy is often required by banks that finance business activities. Political Risks Insurance does not usually cover losses caused by „force majeure", for example natural catastrophes. An insured event takes place when it is impossible to fulfils obligations under a contract (for delivery of some raw materials) due to confiscation of goods, nationalization or expropriation of property, war, strikes and civil commotions.

      © 2023 Kominsur Insurance Broker Ltd.
      Kominsur Kindlustusmaakler OÜ
      +372 66 44 388

      Kominsur Kindlustusmaakler Latvijas Filiāle
      +371 67 582 203

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