Credit insurance protects you against the risk of clients being unable to pay for goods and services supplied to them due to going into liquidation or suspending payments. Companies protect their transactions against non-payment by taking out credit insurance.
Given that the law imposes strict rules in this regard, the interplay between contractual and non-contractual liability can be extraordinarily complex. This is why we strongly recommend seeking expert legal advice for any insurance matters.
Our insurance law team guides insurers and insured parties through the process of assessing the need for credit or other insurance, negotiating cover and collecting it, and resolving disputes and interpretations relating to liability and credit insurance.
