Policies insure against non-delivery of contracted goods by government-owned or private suppliers followed by a failure to return/repay the insured's advance payment. The covered risks are similar to contract frustration policies.
- Non-cancelable limits during the policy period
- Up to 90% coverage
- Tenor of up to seven years
- Minimum premium of $20,000
- Financial Institutions
- Financial Institutions - As Loss Payee