We offer Custom bonds, Performance bonds, Tender bonds, and Immigration.
For trade transactions, Shimin Insurance is open to receiving enquiries for trade insurance policy coverage across Kenya and East Africa. Still, we give preference to transactions where the buyer and seller are located in one of our African member countries.
Trade insurance, also known as trade credit insurance or export credit insurance, is a type of insurance that protects businesses against financial losses resulting from unpaid debts, insolvency, or bankruptcy of their customers.
Trade credit insurance is a risk mitigation tool against payment default risks. The product replaces expensive collateral such as Letters of Credit that are often required by banks to secure a loan or a line of credit. Trade Insurance solution allows companies the freedom to offer better payment terms to their clients, increase their cash flow and be internationally competitive by operating on credit terms.
We offer the following types of bonds insurance:
Here are four simple steps to applying for Trade insurance: