Financial Leasing Insurance

Financial Leasing Insurance - insurance of financial leasing agreements with repayment terms of two years and more

Insurance backed by the State Treasury

Key benefits

• we allow financial institutions to safely perform financial leases by concluding a lease agreement with the foreign lessee
• we provide cover for instalments of leases with a payment term of two years and more
• percentage cover of up to 100% of insured receivables
• insurance conditions meet international standards set by OECD and the European Union
• it is possible to obtain a promise of cover for a period of 6 months
• we are able to pay indemnity in the currency of the financial lease agreement

Entities eligible
Institutions providing financial leasing of domestic goods delivered by Polish businesses.

Subject of the insurance
Principal amount due plus margins and other fees payable to the institution providing financial lease of domestic goods and services, with a repayment term of two years and more. We may also provide insurance cover for the amount financing the insurance premium.

Scope of cover
Post-shipment risk – risk occurring after the subject of the lease is delivered to the foreign lessee. The lessor obtains insurance cover against the failure to recover lease installments under the terms and conditions of a lease agreement.

Insurance cover is available for causes of loss qualified as commercial risk (bankruptcy, default) and political risks (decisions and legal regulations in the country of the debtor, payment moratoria, inability of making the transfer of receivables, decisions in the insurer’s country, force majeure).

We cover most international markets.

Costs
Pricing is based on a number o variables: country risk, type of debtor or guarantor (private or public), repayment term for the lease installments, term of delivery, scope of cover. Our premium rates are harmonized with the OECD minimum premium benchmark system adopted by countries which have signed the so-called OECD Consensus.