Selling on credit is increasing in modern economies. By granting deferred payment terms, a company develops interesting payment options to its customers but it also runs the risk of not being paid. This can arise as a result of a customer being insolvent or if a customer fails to pay within the agreed credit period.

Credit insurance from LCI is a straightforward, cost effective and flexible way to ensure you get paid.

Credit Insurance covers manufacturers, suppliers and companies against the non-payment of their receivables with local and foreign customers.

Benefits of credit insurance:

     * Risk protection
     * Credit Management Support
     * Better financing
     * Domestic and export market expansion
     * Safely growing existing accounts
     * Access to creditworthiness information on existing and potential clients
     * Business stability and uninterrupted cash flow

Our wide range of credit insurance products is designed to protect your company's balance sheet from the risk of financial loss inherent in domestic and foreign trade. This includes insolvency or protracted payment default of your customers, as well as war, legal constraints and political events that can prevent the completion of international contracts of sale.

The Whole Turnover Policy
Designed to cover your entire eligible portfolio of customers against their insolvencies or default of payment.

The Key Buyer Policy
Designed to cover specifically some of your major buyers.

The Single Buyer Policy
Designed to cover a sole buyer.

The Regional Policy / Sales by Subsidiaries
Designed to cover your companies located in the regional markets.

The Political Risk Cover
The Political risk cover is offered as an extension of a commercial export credit insurance policy. Political risk concerns the risk of export customers' default of payment due to political reasons.

The Pre-shipment Cover
The Pre-shipment cover is offered as an extension of a commercial export credit insurance policy. It ensures the supplier during production, between the date of the purchase order and the date of the delivery of goods.

The parameters that determine the Premium are:

     * Amount of insurable sales
     * Diversification of buyers
     * Payment terms
     * Past sales and bad debt experience
     * Geographical location of buyers