Which risks can be insured against?

Insurers cover the risk of non-payment of claims as a consequence of insolvency, presumed insolvency or a political risk incident. Most policies for insured claims also cover collection fees.

Insolvency

Bankruptcy
Suspension of payment
Private agreement
Foreclosure which has not led to (partial) payment of outstanding debts

Presumed insolvency is described in most policies as the situation in which the debtor has not paid the sum due within six months of the agreed date of maturity [expiration date? expiry date?], unless this situation is the result of an Act of God, political conditions [circumstances?] or a form of violent upheaval in society.

Political risk incidents

War
Civil war
Transfer problems
Moratorium
Natural disasters

Risks that can not be covered by Credit Insurance

Currency exchange losses
Interest
Transport or transport molest damage
Seizure by creditors
Erroneous wording or lacunae in the contract or bill of sale
Errors in the CMR
Mistakes originating with brokers
War between two or more of the five Great Powers
Nuclear disasters