Protect
Your Export Business from Payment Risks
Export credit insurance safeguards your business against non-payment, political risks, and commercial risks in international trade transactions.
Our Trusted Partners
Why Export Credit Insurance is Vital for Business
Export credit insurance protects your business from the risks of international trade, including buyer default and political instability. It enables you to expand globally with confidence.
What Types Of Businesses Need Export Credit Insurance Coverage?
Manufacturing Exporters
Large-scale manufacturers need protection against buyer default and political risks in foreign markets.
Textile & Apparel
Fashion and textile exporters face seasonal payment risks and need comprehensive coverage.
Engineering & Machinery
Heavy machinery exporters need protection for long-term payment terms and project risks.
Pharmaceutical Exporters
Pharma exporters face regulatory and payment risks in international markets.
Agricultural Exporters
Large agricultural exporters need protection against political, and payment risks.
How will Export Credit Insurance help the business?
A textile exporter from Surat faced a ₹2 crore loss when their buyer in a Middle Eastern country defaulted on payment due to political instability. The government had imposed new regulations that prevented the buyer from making international payments.
Expand globally with confidence
Get comprehensive export credit protection for your international trade. Ship across borders without worrying again for cargo theft or natural disasters.
Inclusions
Commercial Risk Coverage
Protection against buyer default and insolvency.
Political Risk Coverage
Protection against government actions and political instability.
War & Civil Disturbance
Protection against war, civil unrest, and terrorism.
Expropriation Risk
Protection against government seizure of assets.
Contract Frustration
Protection against contract cancellation due to political events.
Pre-Shipment Risk
Protection during manufacturing and shipping phases.
Post-Shipment Risk
Protection after goods are delivered to buyer.
Exclusions
Domestic Sales
Sales within the same country.
Known Insolvency
Buyers known to be insolvent before shipment.
Quality Disputes
Claims arising from product quality issues.
Contract Breaches
Breaches of contract terms by exporter.
Nuclear Risks
Damage from nuclear incidents.
Trade Sanctions
Losses due to international trade sanctions.
Exchange Rate Fluctuations
Losses due to currency value changes.
Prior Known Risks
Risks known before policy inception.
Political risk assessment
Buyer credit evaluation
Quick claim settlement
Trade finance support
24/7 international support
Why Buy Export Credit Insurance Policies From Covrzy?
At Covrzy, we understand the complexities of international trade. We provide comprehensive export credit coverage with global expertise and dedicated support for your export business.
Political risk assessment
Buyer credit evaluation
Quick claim settlement
Trade finance support
24/7 international support
Real Life Claim Story
A textile exporter from Surat faced a ₹2 crore loss when their buyer in a Middle Eastern country defaulted on payment due to political instability. The government had imposed new regulations that prevented the buyer from making international payments.
Political Risk Protection
Export credit insurance covered the entire loss due to political risk, protecting the exporter's financial stability.
Business Continuity
The exporter continued operations and expanded to other markets with confidence, knowing they had protection.
Frequently Asked Questions
What's the difference between commercial and political risk?
Commercial risk covers buyer default while political risk covers government actions and instability.
Does it cover currency fluctuations?
What about pre-shipment risks?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
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