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Secure Your Business with Pre-Shipment Risk Insurance
For exporters creating custom-made goods, each order is an investment of time, labor, and material. If a buyer cancels an order unexpectedly, these costs may be lost. Etihad Credit Insurance’s Pre-Shipment Risk Insurance offers a tailored solution to protect exporters, covering customized orders and minimizing financial exposure.
What is Pre-Shipment Risk Insurance?
Pre-Shipment Risk Insurance protects businesses from financial losses if an order is canceled before shipment. This coverage is ideal for companies producing unique or custom goods, such as merchandise with logos, bespoke luxury items, or other highly specialized products with limited resale potential. It also safeguards companies when orders are made under Cash on Delivery (COD) or Letter of Credit (LOC) terms.
Key Benefits of Pre-Shipment Risk Insurance:
- Order Cancellation Protection: Protects your investment in custom products if a buyer cancels.
- Confidence in New Markets: Work confidently with new clients and in new markets with minimized risk.
- Enhanced Financial Security: Use insured orders as collateral for working capital loans, reducing risk for both you and your banking partners.
- Efficient Claims Process: Avoid lengthy litigation with ECI’s straightforward claims process.
Why Your Business Needs It
For exporters who invest heavily in customized goods, order cancellations can lead to substantial losses. Pre-Shipment Risk Insurance offers essential financial security, ensuring that your business is protected throughout production. This coverage is particularly valuable when working with new or high-risk clients, as it provides confidence and peace of mind.
Conclusion
Don’t let unexpected cancellations jeopardize your business. ECI’s Pre-Shipment Risk Insurance is here to protect your custom-made orders and help you produce with confidence.