Insolvency Liability Risk
Insurance Policy
About the Policy
Raheja QBE’s Insolvency Liability Risk Insurance Policy is an insurance product designed to protect the Insured for potential loss arising from “Insolvency events” “Insolvency” shall mean the situation where a Buyer is declared insolvent, bankrupt, or placed under liquidation, administration, receivership, or any analogous legal proceeding under the applicable law of its country of domicile, resulting in the buyer’s inability to pay its debts as and when they fall due.
Important details
Features
- “Insolvency” shall mean the situation where a Buyer is declared insolvent, bankrupt, or placed under liquidation, administration, receivership, or any analogous legal proceeding under the applicable law of its country of domicile, resulting in the buyer’s inability to pay its debts as and when they fall due.
Refer to the policy wordings for further details.
Exclusions
- Material Default by the Insured
- Contract disputes
- Institute Radioactive Contamination, Chemical, Biological, Bio-Chemical and Electromagnetic Weapons Exclusion Clause
Refer to the policy wordings for further details.
