Single Buyer Policies
Our single buyer policies allow you to select one buyer for coverage with either short term or medium term repayment terms. Buyer limits are locked-in for the policy period. Foreign or domestic buyers can be covered.
Our target customers for single buyer products are companies looking to mitigate country risk exposures or larger buyer limit concentrations. Minimum premiums are $20,000. Because of the select risk nature of this coverage, our single buyer policy wordings are usually different than our multibuyer policy wordings.
Our two single buyer policy options are as follows:
Short Term Single Buyer Policy (Non-Cancelable Limits)
- Covers sales of all products and services with up to one year repayment terms
- Generally covers up to 12 months of shipments or billings
- Insured percentage usually 90%
- Coverage can be structured excess of a deductible for a lower price
- Full premium generally payable at policy inception
- The waiting period to file claim is generally 180 days from date of default
Medium Term Single Buyer Policy (Non-Cancelable Limits)
- Covers sales of capital goods with one to five year repayment terms
- Regular payment amortizations generally required during the payment term
- Down payment may or may not be required
- Insured percentage usually is 90%
- Premium is charged on the declining exposure balance and is usually payable in full at policy inception
- The waiting period to file claim is generally 180 days from date of default
- The buyer must be the end-user of the product. Dealers/Distributors are usually not eligible buyers
