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;

Whole turnover

Covers all customers who buy on credit terms.

Multiple accounts

Cover is restricted to all those customers who generally owe

Selected buyers

Offers the insured complete freedom to select individual customers to be credit insured.

Specific account

Cover can be made available for just one account or single order.

Confirming houses

Cover available only to shipping and confirming houses who extend credit by making payment on behalf of their clients.


In addition to the above products and services, Credsure also offers the following benefits which are carried out at no extra charge.

Credit Investigation

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.

Credit Supervision

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.

Export- Short-Term

Political risks

Cover includes laws, wars, strikes and political disturbances which obstruct the importation of goods into a foreign country from Zimbabwe. Boycotts, sanctions and terrorist activities which have these effects also fall under this risk category.

Commercial risks

The main risks covered are insolvency of the buyer, protracted default (failure to pay an undisputed insured debt within a certain time after due date) and repudiation (unjustified failure to or refusal to accept delivery of goods).

There are five basic types of cover: Pre-shipment

Provides cover against the insolvency of the buyer or the occurrence of political causes of loss between acceptance of an order and shipment of the goods.


Provides protection from the moment the goods are shipped until final payment is received.

Consignment stock

For sound business reasons many exporters maintain stocks of goods in other countries. This type of cover indemnifies the insured against confiscation or loss due to a number of specific causes, before the goods are released from consignment.

Transit risk

Many exporters ship goods only to associate companies, where there is no commercial credit risk. This type of cover indemnifies the insured against confiscation or loss of goods for political reasons whilst they are in transit.

Export – Long Term

Contract policies

These policies cover the export of capital goods or services on credit terms of more than two years and include the interest element. They insure against failure to receive payment under an insured contract or an insured debt due to either political or commercial causes. Policies are available on either a Buyer Credit or Supplier Credit basis. Where a bank or similar financial institution is financing the contract, then cover is available against non-payment of the loan plus interest by the borrower. There are two basic types of cover;

Contractor’s cover

is tailored to insure the exporter of capital goods and services against pre and post-delivery political and commercial payment risks.

Financial credit cover

is offered by banks or similar financial institutions that provide loans or extended repayment terms to foreign buyers of Zimbabwean capital goods or services.

Complete the form below or call us on (+263-4) 738944 or 706101/4

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