Political risk

Most insured risks to customers in OECD countries are "commercial risks". For export to customers in certain (often non-OECD) countries it may be different. However, to the supplier it is not just the risk of non paying clients, even if the client is a correctly paying, there still remains a risk: the country of residence of the client does not meet international payment obligations (war, civil war, transfer problems, moratorium, etc.). As a result the supplier in the Netherlands is not getting his invoices paid. Also, payments are at risk because in the customers country of residence natural disaster can occur (earthquake, flood, etc.). These risks fall under the heading "political risk". For these risks, you may need insurance.