Protecting against credit and political risk.

Summary

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Meeting Property and Casualty Insurance Needs

Businesses involved in global markets need specialized insurance coverage to protect them from currency fluctuations, unstable foreign economies and unexpected political changes. Credit insurance protects against nonpayment or major customer insolvencies and is available for a named buyer, which insures against losses from individual customers; or for excessive losses caused by catastrophes. Political risk insurance prevents losses due to arbitrary or discriminatory foreign government actions.

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Extract

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Protecting against credit and political risk.

When exporting to overseas markets where credit and financial information often is not as readily available as it is in the United States and business and accounting practices differ, cr...

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