Can I take out export risk insurance retroactively?
SERV insurance policies can only be taken out before the occurrence of an insurable risk. Risks that have already occurred at the time of issuance of the insurance policy cannot be insured.
Are existing policies being affected by the current crisis?
Existing insurance cover is not affected (voided or restricted) by the COVID-19 crisis. However, the circumstances may give rise to a risk aggravating factor, in which case SERV’s consent would be required in order to continue producing or supplying under your export contract.