Credit risk insurance

The insurance type is easy to manage ,taking into consideration the fact that it is an open insurance contract,meaning that any credit contract which repects conditions and solicitant acceptance cryteria,automatically goes under insurance.In this case it will not be necessary to issue a policy for each of the insured credit contracts.

Financial risk insurance for credits and bonds

The object of insurance is the coverage of the financial risk of not receiving payments of rates and interests for the credit granted by the insured to physical persons.

This insurance addresses to institutions that have credit granting as an activity domain,as being the Insured.

This insurance offers risk coverage in the event that the credit beneficiary doesn`t pay his interest rates two consecutive months or more.

The necessary documents include:the credit application form prepared by the Insured,proof of non-payment of the rates by the credit beneficiary,as well as other elements considered significant for evaluating the damage .

Credit risk insurance for leased goods

The object of insurance is risk coverage for the Insured ,in exchange of insurance premium payment,of the financial risk of not effectuating the lease payments for the goods sold in leasing by the Insured for a maximum 5-year period with an advance payment of minimum 15% ,if the user does not pay upon maturity financial obligations stipulated in the leasing contract.

This insurance addresses institutions that have financial or operational leasing as an activity domain .

The covered risk represents non-effectuation of two consecutive lease payments by the lease contract beneficiary .

The necessary documents for damage evaluation include:the leasing file prepared by the Insured ,proof of non-payment by the beneficiary of lease payments,as well as other elements considered significant for damage evaluation.

Profit loss risk insurance (due to insured risks)

Insurance allows recovering net profit loss from operating activities and continuing expenses from this period.

Financial risk insurance due to activity interruption will compensate you for income loss associated with operating activities following an interruption of your activity.Financial risk insurance due to activity interruption compensate the profit you should`ve gained if the damage didn`t occur.

The policy also covers operating costs that will continue ,although activities are temporarily put on hold:in situations like headquarters` destruction,this insurance can provide you the necessary resources for covering expenses with utilities,salaries and other payment obligations,during the peiod while the property is in restauration process.

Financial loss insurance due to activity interruption does not sell separately.This accompanies the Insured`s property insurance.

The purpose of the coverage is to bring the Insured back in the position he would have held if the event causing the damage did not occur.

Facilities

• supplementary discounts are received upon policy renewal ,in case claims did not exist.
• the insurance premium can be paid by instalments
• compensations in advance can be granted in the event of damage occurrence.