If you are thinking about whether you need trade credit insurance or not, we recommend that you answer the following questions yourself first. Have you ever experienced a loss of receivables, especially with suppliers abroad? Do you regularly sell to new customers and markets? Do you currently use asset-based financing or factoring? Worried about Credit…
What is it State Supported Receivables Insurance? From the concept of government-supported receivables insurance provided for SMEs, the risk assessment conditions determined by the Extraordinary Risk Management Center (ORYM), which generally has at least two years of history and whose domestic annual net sales revenue or financial balance sheet does not exceed 175 Million TL.…
A kind of insurance which is used in global investments and receivables of Turkish companies doing business abroad. The risks that the insurance covers: Currency convertibility and transfer restrictions Expropriation War and civil disturbance Breach of Contract Non-honoring of Sovereign Financial Obligations Get in touch with us You can contact us by filling out the contact…
What is Bail Insurance? Bail Bond Insurance works for the party claiming the bond as a type of insurance policy, also known as a liability (in most cases, the obligor is a government agency) and is in place to protect the government and its citizens from certain losses. Bail Insurance Definition Collateral insurance is a…
A kind of insurance used in contracts abroad to cover the following risks: The conditions of the contract are not fulfilled by the public buyers and receivables from contract are not paid War, civil war, seizure, expropriation, nationalization Payments done by local currency instead of foreign currency or transfer restrictions Denial of work permits to…
