What is Trade Credit Insurance and how does it work?

Trade Credit Insurance protects businesses when customers don't pay invoices due to insolvency or default. It covers 80-95% of outstanding debt, ensuring cash flow stability and enabling safe business growth.

How much does Trade Credit Insurance cost?

TCI premiums are typically 0.1% to 0.5% of your annual sales turnover, depending on your industry, customer creditworthiness, and geographic markets served.

PROJECT INSURANCE (Contractor’s All Risk and Erection All Risk)

Project Insurance provides comprehensive coverage for physical loss or damage to works, materials, plant, and machinery during the construction, erection, testing, and commissioning phases of a project. Typically structured as Contractor’s All Risks (CAR) or Erection All Risks (EAR) policies, it also includes third-party liability for bodily injury or property damage arising out of project activities.

Optional covers such as maintenance period cover and Advance Loss of Profit (ALOP/Delay in Start-Up) help protect project timelines, cash flows, and lender interests, subject to policy terms and conditions.

Project Insurance - Comprehensive coverage for construction and erection projects

KEY BENEFITS

PROTECTION OF WORK AND MATERIAL

Safeguards construction works, raw materials, and supplies against accidental loss or damage.
Insures equipment used during construction, erection, testing, and commissioning.
Comprehensive risk cover: Provides structured risk assessment across project phases—storage, construction, testing, and commissioning.

LIABILITY & LEGAL COVERAGE

Third-party liability: Covers bodily injury or property damage to third parties arising from project activities.
Legal compliance: Helps meet contractual obligations related to safety and liability.
Indemnity for claims: Protects project owners and contractors from financial burden due to lawsuits or compensation claims.

FINANCIAL SECURITY & BUSINESS CONTINUITY

Maintenance period cover: Extends protection into the post-construction phase for defects or damages.
Advance Loss of Profit (ALOP)/Delay in Start-Up: Safeguards project cash flows and lender interests if timelines are disrupted.
Confidence for stakeholders: Provides assurance to investors, lenders, and contractors that risks are managed.