In the realm of international trade, brokers play a pivotal role in facilitating smooth and secure transactions. One critical aspect of their service offering is trade-related insurance solutions, which protect businesses from various risks associated with trading activities. Here’s a brief overview of key insurance products brokers can leverage to safeguard their clients’ interests.

TCI

TCI is designed to protect businesses against the risk of non-payment by their buyers. This type of insurance ensures that sellers receive payment for goods and services sold on credit, even if the buyer defaults due to insolvency or other reasons. 

Political Risk Insurance

Political risk insurance covers losses resulting from political events such as expropriation, nationalization, political violence, and currency inconvertibility. This is particularly valuable for businesses operating in politically unstable regions. 

Marine Insurance

Marine insurance protects against losses or damages to goods in transit by sea, air, or land. This includes coverage for cargo, hull, and liability.