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A simple guide and overview to Advance Payment Protection:
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Credit Insurance Structures
Credit Insurance Costs
Jargon, Myths and History
Performance Bonds, Construction Bonds, VAT Bonds
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| Advanced Payment Protection
Advanced Payment Protect (or Anticipatory Credit is the correct technical term) is simply where you have to pay for the goods (or services) upfront, the risk you are covering however, is that the company to whom you have given a money too (a deposit or paid for in full) may for whatever reason close its doors and you will not see your goods.
This is a highly specialised area of insurance and very few insurers will cover this type of risk.
Both commercial and political risk can be covered.
Examples of it's use:
As this is a very specialised type of insurance, premiums are very much case by case (depending on the risk involved, the period of the risk and
the amount of the risk).