International Trade Risk
TradeProtect™
A proposed modular programme for companies trading physical goods internationally, combining cargo, credit and contract risk.
Request a quotationSubject to underwriting
Product overview
Coverage description
Selected modules for stock throughput, buyer non-payment and contract frustration, structured to support trade finance where agreed.
Eligible industries
Commodity tradersExporters and importersTrade finance providersLogistics groups
Covered risks
- Physical loss of goods
- Buyer insolvency and protracted default
- Contract frustration
- Storage and warehouse risks
Policy exclusions
- Commercial disputes not resulting from insured events
- War, invasion and nuclear risks unless specifically agreed
- Wilful misconduct or fraud by the insured
- Gradual deterioration, wear and tear, inherent vice
- Sanctioned parties, goods or jurisdictions
- Losses outside the agreed territorial scope
Underwriting requirements
- Completed proposal form and declared values
- Independent valuation or certification where relevant
- Security, storage and transit protocols
- Loss history for the last five years
- KYC, sanctions and beneficial ownership checks
- Buyer list and payment terms
Claims procedure
01Notify Renfield as soon as reasonably possible after discovery02Take reasonable steps to prevent further loss and preserve evidence03Provide the documentation requested by the claims team04Cooperate with any appointed loss adjuster05Assessment and any settlement follow the policy terms and insurer approval
Subject to underwriting
All products are proposed or available subject to underwriting approval, applicable licensing and confirmation of insurer capacity. Nothing on this site constitutes an offer of insurance or guaranteed coverage.