Trade Credit Insurance, also known as Accounts Receivable Insurance, provides coverage for a seller’s financial loss arising from its buyer’s bankruptcy, insolvency, default or slow pay.
Business relationships with highly stressed buyers can be extremely difficult to manage. The “Accounts Receivable Put” provides protection to clients selling to extremely high risk buyers in situations where traditional single buyer credit insurance is not available.
Through a variety of correspondents in banking and finance, Newstead assists clients who require financing or desire to engage in sales finance programs.
Newstead is able to provide their clients with a range of credit insurance solutions tailored for the marine industry.
Political Risk Insurance policies are highly customized based on the investment exposure and country risk. Coverage varies depending on the asset being covered, but most claims arise from hostile action by a foreign government, war, political violence and political force majeure.
Trade Disruption Insurance (TDI) is a relatively new product developed to address shortcomings in traditional insurance coverage for firms that depend on global supply chains.