Risk insurance (also called export credit insurance) can help you protect your exports when you ship products to other areas of the world. This is a type of export insurance plan that protects exporters from losses due to political or commercial risks. These risks may include the following:
- Fickle buyers who back out on a deal after goods have been shipped.
- Buyer defaults on payments for the shipping goods.
- Foreign exchange conversion rate fluctuations.
- War.
- Revolution.
- Political problems that prevent shipment or return of the goods to you.
Let’s talk a little about the risks you take when you ship goods off to foreign destinations. The world today can be extremely dangerous, and there are many risks associated with exporting goods. Theft, vandalism, delays, rodents, flooding, loss and breakage are just some of the serious risks you face when you ship items. In order to protect yourself, you need to remember that the best defense is a great offense – in other words, be proactive in getting good insurance coverage for yourself!
One company that specializes in insurance risk takers should know about is Export Risk Management (ERM). This risk management insurance company can protect your exports whether you’re a newcomer to the field of risk coverage or a seasoned veteran. Its political risk protection will keep you from falling victim to problems abroad, and ERM’s ocean cargo insurance will alleviate the risk of loss or damages to your sea shipments. Visit ERM’s website to get free quotes, review their coverage plan rates, and find out more about the services that have earned them high industry ratings in the field of risk protection.
