What is it?
Also called Credit insurance is responsible for compensating the insured for non-payment by private
buyers as long as they carry out a formal legal and commercial order. These buyers must be in an
insurable country and have a credit rating or score. The insurer covers 85% to 90% of the risk,
the rest is in charge by the insured.
Types of Credit Insurance:
➢ Export:
Private buyers domiciled abroad.
➢ Internal:
Private buyers domiciled in Mexico.
➢ Global:
Mixed, export and internal.
Credit Insurance vs Freight Insurance
Credit insurance does not protect the merchandise only the lack of payment from the buyer.
If you would like to protect your merchandise or products that will be shipped within the country or exported,
freight insurance is the one you need.
