Export Risk Insurance - a service offered by scienceindustries
Are deliveries abroad a risk?
Receipt of payment for deliveries abroad is exposed to additional risks in comparison with domestic deliveries. Export-oriented companies have an interest in minimizing non-payment risks. They can make use of the possibility to insure themselves against these risks. The cover ratio for multi-buyer insurances is up to 95%.
Multi-buyer insurance is the solution
On behalf of the export-oriented companies of the chemical, pharmaceutical and biotechnological industries, scienceindustries manages a multi-buyer office. The member companies benefit from hedging the export risks at low-cost and reduced administrative expenditure.
Which risks are insurable?
- Basic risks
- Political risks (exceptional government measures or wartime situations)
- Transfer risk (non-conversion)
- Force majeur
- Del credere risk (economic risk)
How does the multi-buyer insurance work?
The exporters' applications for insurance are consolidated each term and hedged by SERV (Swiss Export Risk Insurance). In the event of damage, SERV assumes the risk.
Mr. Claudio Valentino
Phone +41 44 368 17 32