Trade Credit Insurance – Commercial
Demand for trade credit insurance is growing rapidly, driven by a challenging business environment, stretched payment terms and liquidity squeezes across industries. Formulate offers a broad range of trade credit service offerings, ranging from commercial domestic debtors’ insurance to cross border, single debtor cover and debtor default due to political interference. We also cover assets such as immoveable property and mobile assets that are impaired or rendered useless due to a government sponsored act.
Multi Debtor Policy
Covers all the insured’s trade, including private and some government debtors.
Single Debtor Policy
Covers a specific debtor up to 90% of invoice value.