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?
Necessary documents and additional material
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.
Please read the production risk insurance terms and consult our customer account managers if necessary.