Business continuity is guaranteed with ECI, as it offers an in-depth line of credit insurance solutions that help protect companies against losses, covering commercial and political risks. Among the commercial risks that ECI can provide protection from include buyer’s insolvency and non-honouring of contracted obligations.
ECI offers an in-depth line of credit insurance solutions that protect UAE companies against losses,
covering commercial and political risks.
Among the commercial risks that ECI can provide protection from include buyer’s insolvency and
non-honouring of contracted obligations.
Political risks, meanwhile, include currency transfer restrictions implemented by the government of
the buyer’s country, as well as legislative or administrative action or omission of the buyer’s
country that resulted in removing the policyholder’s control of or benefits from the goods sold
under an export contract, and any military disturbance or civil unrest in the buyer’s country,
leading to payment default on the side of the buyer.
Under TCI, ECI offers a vast range of suite of products available for a broad array of exporters,
from small to large companies.
This solution offers a comprehensive portfolio of protection, suitable for both small and large companies, wherein insured clients will offer all his turnover for an agreed spread of risk. Up to a certain credit limit, the Whole Turnover TCI provides a percentage of coverage for a company’s full balance sheet. ECI will first set overall policy conditions relating to terms of payment, under which, the client can trade in various countries. Afterwards, ECI will then set individual credit limits on the client’s buyers.
This solution helps UAE-based businesses ensure business continuity against catastrophic damage if a major buyer goes insolvent, as it covers an excess of annual aggregate deductible and provides policyholders full autonomy for the credit manager. It also provides a high level o' discretion 'hat allows clients to set their own credit limits for their customers.
The Single Buyer solution aims to support companies that only deal with one large single buyer, and non-payment from this client shall pose a significant impact on the financial performance of the company. Under this product, ECI shall give a credit limit on a single buyer, which may cover all trade with that particular buyer.
Under this product, ECI will provide the policy holder protection from incurring unexpected financial losses due to commercial failure or political events emanating from any public authority, resulting in interrupted operations, and in turn, the overall performance of the company. Valid for two to seven years, the Single Risk product helps improve the clients’ borrowing capacity.
This product is ideal for companies who have existing credit insurance policies but need
additional credit limits for certain buyers. It assists in covering the gaps from the first
layer insurance policy, as well as lessening administrative work by calculating the premium
based on the given exposures.
To know more, email us at [email protected]
The Single Buyer solution aims to support companies that only deal with one large single buyer, and non-payment from this client shall pose a significant impact on the financial performance of the company. Under this product, ECI shall give a credit limit on a single buyer, which may cover all trade with that particular.
Under this product, ECI will provide the policy holder protection from incurring unexpected
financial losses due to commercial failure or political events emanating from any public
authority,
resulting in interrupted operations, and in turn, the overall performance of the company. Valid
for
two to seven years, the Single Risk product helps improve the clients’ borrowing capacity.
To know more, email us at [email protected]