Domestic Credit Insurance
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;
Covers all customers who buy on credit terms.
Cover is restricted to all those customers who generally owe
Offers the insured complete freedom to select individual customers to be credit insured.
Cover can be made available for just one account or single order.
Cover available only to shipping and confirming houses who extend credit by making payment on behalf of their clients.
ADDED BENEFITS FOR POLICY HOLDERS
In addition to the above products and services, Credsure also offers the following benefits 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.