A credit insurance policy provides between 80% and 100% cover against the non-payment of debts due to the insolvency or default of an insured customer. In addition, political risk cover is available to exporters selling to certain countries.
The main causes of loss that we cover are:
A number of events including administration, bankruptcy, administrative receivership and liquidation. The definitions are those used in English law or the equivalent in the customer’s country.
Non-payment by the customer after a specified period from due date.
Protection against the restriction or delay of payments due arising from: war in the customer’s country, currency inconvertibility, cancellation of your export licence, cancellation of your customer’s import licence, contract cancellation by your customer’s government and contract frustration caused by any government.
The Nexus CIFS policy wordings carry the full description of risks covered.
If you are interested in enquiring about a credit insurance policy, please call 0203 011 5700 or email firstname.lastname@example.org and one of our team will be able to advise you.
Nexus CIFS Ltd
52 - 56 Leadenhall Street
London EC3A 2EB
T: +44 (0) 20 3011 5700
Nexus CIFS Ltd is an Appointed Representative of Nexus Underwriting Limited, which is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 494805).