Trade Credit and Political Risk

Novus is a specialist in Trade Credit and Political Risk submissions. Having several brokerage markets as well various in-house facilities to easily place your Trade Credit and Political Risk submissions, we can facilitate the placement quickly and efficiently. To obtain a quote, please log into the underwriting platform and upload a full submissions and one of our in-house underwriters will facilitate the quoting process.

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Trade Credit and Trade Receivables Insurance Clientele:

Clientele:

  • Small and Medium Size Companies
  • Large Corporations both Public and Private
  • Exporters/Manufacturers
  • Global Financial Institutions
  • Commodity Traders
  • Engineering/Procurement/Construction Contractors

Available Coverages:

  • Non-Payment Insurance
  • License Cancellation
  • Import/Export Embargo
  • Unfair/Fair Calling of Advance Payment/Performance Guarantees
  • Non-Cancelable Coverages
  • Named Buyers Portfolios
  • Non-Delivery Insurance from Contract Default/Termination
  • Pre/Post Shipment Insurance
  • Other Coverages available!

Political Risk Insurance

Clientele:

  • Small and Medium Size Companies
  • Large Corporations both Public and Private
  • Exporters/Manufacturers
  • Global Financial Institutions
  • Commodity Traders
  • Engineering/Procurement/Construction Contractors
  • Fixed and Mobile Assets
  • Equity Holdings
  • Shareholder loans and dividends
  • Lender’s Political Risks
  • Multilaterals and Export Credit Agencies
  • All

Available Coverages:

  • Expropriation, Nationalization or Confiscation of Assets
  • Deprivation of Assets
  • Currency Inconvertibility and Transfer Risk
  • Political Violence
  • Operating License/Concession Agreement Repudiation
  • Export Embargo/Inability to Export
  • Forced Abandonment
  • Forced Divestiture
  • Selective Discrimination
  • Contract Frustration
  • Foreign Direct Investment
  • Other Coverages available!

Maximum Limit of Liability: $100,000,000 (can be increased on a case-by-case basis)

Geographical Area: Nationwide and Worldwide both with Admitted and Non-Admitted Capabilities

Submission Requirements: Trade Credit or Political Risk Application; Loss Runs

Minimum Premium: $5,000+

Submission Process: Via online quoting platform or [email protected]

London Submissions: To access the International London market for larger submissions and on a quota share basis, please submit to [email protected]