Are there policies designed for Multinationals?
Multinationals want to benefit from their buying power. They look for seamless cover across borders, but with local service in local currency and local language. At the same time group exposures should be constantly monitored. Multinational credit insurance programmes are offered by many credit insurers and provide just that. These often include single wording with policies issued in different languages and/or currencies to suit the needs of the different subsidiaries. Nationalisation: Is this insured? A change in government in the country of the buyer, may lead to a change in politics. In case the buyer is nationalised, his payment obligation may be subsequently cancelled. Payment can be assured through political risk cover. Payment: What happens if your customers don’t pay? There can be several reasons why a customer does not pay. A credit insurance policy insures against the fact that your buyer is declared bankrupt or has agreed to a bankruptcy protection arrangement. Your customer
