Insurance of advanced payment

What is an insurance of an advance?

Insurance of advanced payment is a supplementary insurance solution to ICIC's insured, who are interested in protecting transaction in which they are required to pay an advanced payment to a supplier prior to receiving the products ordered.

Payments of an advance creates an exposure to economic losses which are liable to be caused should the product that it ordered not be supplied, despite the payment of the advance, and also the amount of the advance will not be returned. Insurance of the advance provides protection to the policyholder, starting with the payment of the advance to the supplier until receipt of the products.

Highlights of the program

Insurance of an advanced payment provides you with cover for the amount of the advanced payment paid to the supplier, which did not supply the goods ordered and did not repay the advance paid as a result of:

Advantages of insurance of an advanced payment with ICIC