TCPRI - RISKS COVERED

Our TCPRI solutions for Corporates provide a comprehensive insurance protection against broad spectrum of domestic & export credit risks viz. :

(1) Commercial risks involving your Customer :

  • Insolvency of Customer(s) 

  • Protracted default by Customer(s) i.e. not paying on due date

(2) Export & Political risks affecting Country(ies) which impact customer payments :

  • Contract Frustration

  • War, Civil War, Terrorism, Rebellion, Coup d’etat etc.

  • Government Moratorium

  • Confiscation

  • Expropriation

  • Nationalization

  • Currency transfer difficulties,

  • Inconvertibility

  • Public Buyer Default

  • Force Majeure

  • Natural Disasters

  • Pre-shipment Credit Risks

(3) Contract Frustration & Political risks covering contracts with Government / Public Buyers :

  • Insolvency or default by either a public or privately owned entity

  • Non-trade capabilities 

  • Pre-export finance 

  • Pre-shipment political risk coverage

  • Unfair and fair calling of on-demand bonds

  • Currency inconvertibility and Exchange transfer 

  • License cancellation

  • Import/Export embargo

  • Confiscation, Nationalisation, Expropriation and Deprivation 

  • Construction Contractors Plant 

  • Failure to honour an arbitration award

  • Aircraft and Vessel Repossession

  • Mortgage Rights Insurance 

For Banks, our 'Non-Payment Insurance' (NPI) or Obligor Trade Credit Insurance Policy, covers the risk of non-payment of loan obligation as per financing agreement. Policy can be structured to offer 'Capital Relief' under Basel norms.

Let's start a dialogue ! Write to us : TCI@prudence-UK.com ; TCI@prudence-USA.com

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PRUDENCE INSURANCE BROKERS LLC., U.S.A. - Authorized & regulated by California Department of Insurance, U.S.A.