Gives security to employers against the risk of the successful bidder failing to enter into the contract.
Third Country Risk
Exposure to economic and political risks in a country other than the country of the Insured or of the buyer; usually a country through which shipments may pass or where the goods are to be delivered, or the services to be performed.
Top-up Cover (Excess Insurance)
Additional coverage over a credit limit established by the same or another Insurer.