Trade credit insurance
Credit is vital to the commercial world. Markel’s trade credit coverage ensures that buyers and sellers can do business with confidence. Our trade credit insurance protects against counterparty payment default risks.
Buyers, sellers, and their bankers have long relied on credit to facilitate trade, but never more so than in today’s global marketplace where supply and demand are founded on increasingly complex credit arrangements. Where credit is involved there are also counterparty risks. What happens if a counterparty
defaults on its obligation before meeting its commitments through insolvency or for other reasons? Non-payment can have a devastating effect on balance sheets, which is why trade credit insurance is essential for business security and confidence.