The main causes of loss that the policy covers are:

• Insolvency
  A number of events including administration, bankruptcy, administrative receivership and liquidation. The definitions are those used in English law or the equivalent in the customer’s country.

• Default
  Non-payment by the customer after a specified period from due date.

• Political Risk
  Protection against the restriction or delay of payments due arising from: war in the customer’s country, currency inconvertibility, cancellation of your export licence, cancellation of your customer’s import licence, contract cancellation by your customer’s government and contract frustration caused by any government.