Cocogen Trade Credit Insurance helps transform potential bad debts to cash. It ensures the liquidity of a business with domestic and international transactions in the exchange of goods and services by insuring its Accounts Receivable from the risk of non-payment when a Buyer is insolvent or unable to pay.
Types of Risks
- Commercial Risk
Non-payment as a result of Buyer insolvency or non-payment within six (6) months from the original due date
- Political Risk
Non-payment due to the risks and/or events beyond the control of the Buyer and Seller (e.g. public buyer default, war, foreign exchange restrictions, or moratorium by overseas governments).