· Pure Domestic Credit Insurance.
· Pure Export Credit Insurance.


RISKS INSURED

· Insolvency Only, OR
· Insolvency and Protracted Default, OR
· Insolvency, Protracted Default and Political Risks.


THE MARKET’S PHILOSPHY

· Excess of Loss Cover, i.e. an overall policy limit in excess of an annual aggregate Deductible. Very small losses are usually excluded.
· High Discretionary Credit Limits to allow the policyholder to approve credit limits to most of their buyers.
· Minimal reporting requirements and administration.
· Underwriters are seeking policyholders with sophisticated credit procedures.


POLICY PARAMETERS

· Policy Limits of Liability to $25 million - exceptionally higher.
· Aggregate Deductibles as low as $10,000.
· Buyer Limits usually as high as necessary.
· Indemnities as high as 100%.
· A single premium payment at policy inception OR premium paid on a reporting basis.
· With exports, Country Limits and Waiting Periods will be established.