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Finance Lines

Mitigate and minimize your business liability risk in today’s complex regulatory world.

Our Services

  • Director & Officer
  • Trade Credit Insurance
  • Bankers Blanket Bond
  • Surety Bond
  • Cash In Transit / Cash In Safe
  • Cyber Risk
  • Contra Bank Guarantee

Provide innovative and broad insurance for directors and company officials. Allowing them to do business unencumbered and with confidence..

Coverage:
• Legal defense costs
• Coverage of guarantees is extended to subsidiaries of policyholders, as well as representatives of policyholders or subsidiaries in companies where minority participation.
• Violations of work practice law
• Special expansion and value-added services tailored to each customer.

Trade Credit Insurance (Trade Credit Insurance) is a business insurance product that provides compensation for the seller's loss from bad credit or commercial credit defaults. With the existence of trade credit insurance, policyholders / sellers can be sure that trade receivables will be paid by either the debtor or trade credit insurance in accordance with the terms and conditions of the policy.

Trade Credit Insurance Products (ASKREDAG) provide protection from potential financial losses due to one of the following:

PROTRACTED DEFAULT: There is a failure to pay a number of receivables before from the maturity date of the oldest invoice.

INSOLVENCY: a statement of bankruptcy ,bankruptcy of the buyer or delay in payment upon approval of the court.

Is a type of insurance coverage that is able to provide blanket coverage to financial institutions against the possibility of direct financial loss.

Types of financial institutions that are generally guaranteed:

  • commercial banks
  • Savings bank
  • Stock Broker
  • Insurance company

Coverage is available for compensation against direct financial losses (direct financial loss) suffered by financial institutions (as insured) resulting from:

  • Darkness / Dishonesty (Fidelity)
  • Loss events at location (Premises risk)
  • Loss event during transport (Transit risk)
  • Counterfeiting (Forgery)
  • Counterfeit Securities
  • Use of Counterfeit Currency
  • Damage to office equipment

Surety bond is an agreement between the guarantor and the Principal (Contractor) to guarantee the interest of the obligee (Project Owner), in the case that the Principal fails to perform its obligations in accordance to the contract with the Project Owner (Obligee), then the surety will be responsible for Obligee to settle the Principal liability.

Cash In Transit guarantees losses experienced by the Insured during remittance either from the premises' the Insured's location to the bank or vice versa, coverage is also provided for loss incurred during transit from one location to another brought by the Insured employee, person or shipping service designated by the Insured as a result of an incident which is not excluded under policy conditions.

Cash In Safe
Guaranteed as long as the money and / or securities are kept in a safe / repository  according to the conditions in the policy

Cyber Risk Insurance is designed to help an organization mitigate risk exposure by offsetting the cost involved with recovery after a cyber-related security breach or similar event.

Cyber insurance typically covers expenses related to first parties as well as claims by third parties.

Bank Guarantee Contract is the Proof of Guarantee of a Bank Guarantee issued by the Bank for the benefit of the Contractor in fulfilling its obligations in accordance with the provisions in the principal agreement of the Employer / Obligee if the Principal does not carry out its obligations in accordance with the provisions of the contract then the Insurance will pay 100% to the Bank for claims of the Bank Guarantee submitted by the Obligee.

Your premium depending on:

  • The type of cover selected
  • Any additional cover selected
  • The sum insured
  • Insurance requirements