Q. What risks are covered?
Credit insurance covers commercial risks such as insolvency and protracted default. Export credit insurance will usually add political risk coverage including: cancellation of import/export licenses, a foreign governments intervention, transfer risk, embargo, a state of war or civil violence, and the non-payment of a valid trade obligation by a sovereign buyer.
Additional One Source FAQ:
How do I apply?
Why should we use One Source?
Why does my company need credit insurance?
What risks are covered?
How much does credit insurance cost?
Is there a deductible?
Is there an additional premium charge to use the services of One Source?
For which insurance carriers does One Source act as a broker?