Service insurance protects Swiss companies from the risk of default by a foreign customer. Typical services are those performed by architectural, IT or engineering firms, the production of studies, multimedia, advertising, licence agreements, training courses, service and building work.
Exporters receive money from SERV if the foreign customer fails to pay for a service due to an insured risk. The insurance can cover political, del credere, transfer or Glossaryforce majeure risks.
- Maximum cover ratio: 95%
Service insurance is subject to SERV's General Terms and Conditions for Glossarysupplier credit insurance.