PRODUCT: Intact Trade Credit

COMPANIES: Atlantic Specialty Insurance Company, a subsidiary of Intact Insurance Group USA LLC.

BEST RATING: A+

AVAILABILITY: Available to appointed agents and brokers only.

FOCUS: Recently, Intact Insurance Specialty Solutions announced the launch of its U.S. Trade Credit business featuring the Intact Trade Credit product. Intact already offers trade credit coverage in Canada and the product is now available in 19 states with the remaining states expected by the end of 2024.

“In today's economic landscape, trade credit insurance serves as a vital safeguard against default risk, enabling businesses to operate with confidence amidst heightened uncertainty," says Jay Rampersad, head of trade credit for North America at Intact.

COVERAGE DETAILS: Written with straightforward and transparent policy language, coverage is available for most industries and countries. Coverage highlights include:

• Cancellable and non-cancellable comprehensive coverage available, including ground-up, whole turnover, single buyer and selective coverage structures.
• Excess & quota share policies may be available.
• Specialty coverages, including pre-shipment coverage.
• Discretionary credit limits for excess of loss structures.
  

UNDERWRITING: Includes evaluations on the requested industries, markets, buyer portfolio, sales volume, selling terms and loss history.

MINIMUM PREMIUM: $15,000.

TARGET: Intact provides tailored solutions designed for a wide range of organizations including aerospace, agriculture, agricultural services and products, automotive, chemicals, distribution, energy, equipment and machinery, financial services, food and beverage, manufacturing, metals, technology, telecommunications, transportation, and wholesale.

COVERAGE AVAILABILITY: AZ, CO, CT, GA, IL, KS, MI, MN, NE, NJ, NY, NC, OH, PA, RI, SC, TX, VA and WA.

CONTACT: Pablo Brando, president, trade credit, Intact; 781-332-9171; Brian Lavelle, vice president, trade credit, Intact; 781-332-9176.

Will Jones is IA editor-in-chief.