Covers the risk of Insolvency of the buyer or his Protracted Default (failure to pay an undisputed insured debt within a certain time after the due date)
Covers the risk of Insolvency of the buyer or his Protracted Default (failure to pay an undisputed insured debt within a certain time after the due date).
There are five basic policy types:
ADDED BENEFITS FOR POLICYHOLDERS
In addition to the above benefits, Credsure also offers credit investigation and credit supervision which are carried out at no extra charge.
Right from the quotation stage, the status of buyers is thoroughly checked and after a policy has been issued, all insured buyers are investigated on a regular basis and their creditworthiness continually monitored by our highly trained Credit Insurance Underwriters. These checks and investigations are carried out with complete confidentiality.
Once a policy has been issued, we readily assist in follow-up and administration of overdue accounts both local and foreign and will institute legal action if asked to do so, with Credsure bearing a percentage, proportionate to its interest in the debt, of all costs incurred.