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For whom is production risk insurance suitable?

Production risk insurance is designed for an enterprise wishing to insure itself against possible insolvency of buyers during a production period. Production risk insurance covers the expenses connected with the fulfilment of a contract concluded with a foreign buyer, if an exporter is forced to suspend the production of ordered goods or fulfilment of contractual obligations because the buyer is not able to or refuses to accept the ordered goods due to the realisation of commercial or political risks.

What are the most important terms?

  • Policy holder: an Estonian entrepreneur entered into the Estonian commercial register
  • Insured risk: insolvency of buyer due to a commercial or political risk
  • Buyers: legal persons
  • Buyer’s country of location: not restricted, excluding Estonia
  • Insurance cover generally 85%
  • Production risk insurance can be combined with other services
     

 

Necessary documents and additional material

Production risk insurance application form

How to apply for the insurance?

For the conclusion of an insurance contract, an insurance contract application shall be filled out before the conclusion of the contract and starting production, and sent to our customer account manager. The insurance provider analyses credit capability of the buyer and the project, and makes an offer, which forms the basis of an insurance agreement in the event of suitability.

Additional information

Terms of credit insurance

Contact

Please read the production risk insurance terms and consult our customer account managers if necessary.

  • Külli Saarepera

    Client Manager

    (+372) 667 9086

  • Gert Veerpalu

    Client Manager

    (+372) 667 4135

  • Anneli Liinat

    Client Manager

    +372 667 9087

  • Kairi Vaade-Kuusemets

    Client Manager

    +372 667 4100