Entreplat is there to maximize the synergies that are created through the various partnerships to help in the creation of a one-stop shop that will act as a niche provider of product innovation and underwriting.
The rampant growth of business all over Africa and beyond which is triggering us to change the services that we offer our clients.
Our trade credit insurance products enable you to carry out business both locally and regionally covering insolvency, political risks, and bankruptcy.
Trade credit insurance provides confidence for the insured to explore new markets and
develop business. Whether extending credit terms to new clients or expanding credit line with existing
customers, trade receivable protection offers an efficient and simple way to do so with security and
peace of mind.
This product enables a company to relax existing credit guidelines, bringing about competitiveness and ultimately, more trade.
Lenders are generally sensitive to the additional security provided by Trade credit insurance and therefore, businesses can access better financing options. In some cases, lenders require trade credit insurance in place before approving loans. Further, insured trade receivables can be pledged as collateral and assigned to the bank to realize better borrowing terms.
Importantly, Trade Credit Insurance protects a company from bad debts. This eventually enhances the bottom line of a business because losses emerging from bad debts being written off are reduced. Trade Credit Insurance protects a business from potential debt losses, which would impact the profit levels and seller’s overall financial strength. Thus, the policy holder can ssubstantially reduce bad debt reserves, improving earnings, financial ratios, and shareholder equity.
Implementing a trade credit insurance program with a credit insurer also means partnering with a credit risk management expert, with a primary objective of avoiding credit losses and supporting recoveries when losses occur. Trade credit insurance can offer valuable market intelligence on the financial viability of customers and on any peculiar trading risks for buyers in foreign countries.
With our oil and gas/ energy insurance policies a cover on upstream,downstream and midstream energy is guaranteed.
Entreplat offers protection arrangement covering both hull and obligation classes incorporating evaluated protection reinsurance administration for private and business airlines.
We understand that health insurance is still a challenge for many people.Entreplat Microhealth insurance guarantees a reliable and extensive outpatient and inpatient cover which goes a long way to ease the challenging situation faced by a majority of families in acquiring health services.
Thanks peter. That felt good.
Our Livestock and Crop Insurance protects farmers through moderating misfortunes and losses as a result of livestock death,epidemics or emergency slaughter.
Our Crop Insurance guarantees a cover from crop damge or loss as a result of:
Cereals wheat, barley and maize, Coffee, Hay, Tree crop, Tobacco, horticultural crops, Flower crops and other Commercial value crops.
Our Political Risk Insurance cover guarantees that banks,investors and other money related foundations are protected from political conflicts.
We cover you from:
Our Construction Insurance makes arrangements for a wide range of developments,buiding and operational ventures.These arrangements meet risk exchange goals and spending obligations for a wide range of constructions.
Our Surety bonds are custom-made with the intention of addressing specific risks hence guaranteeing continuos perfomance and productivity.
The Internet has spun a whole new web of liability exposures. E-commerce, social networking, cloud storage and other technologies bring great benefits to large and small businesses alike. But with these benefits also come challenges, including protection of privacy, data and financial information of your customers. If this information is lost, stolen or compromised, your company is at risk. In fact, you may even be required by law to alert those impacted by the breach and to pay for any financial loss incurred.
Cyber coverage offers protection due to unauthorized access of electronic data or software within your network. It also provides coverage for spreading a virus, computer theft, extortion or any unintentional act, mistake, error or omission made by an employee. This coverage is quickly becoming more and more important as you embrace technology to help run your business.
If your company is faced with a data breach or cyber-attack, you may be forced to cover breach-related expenses such as crisis management, hiring a public relations firm to manage a data breach incident, costs associated with forensic analysis, the cost of repairing and restoring computer systems if there is a virus that destroys business software and data, and the loss of business income resulting from a data breach.
First-party coverage will insure your business for losses to your own data or lost income or for other harm to your business resulting from a data breach or cyber attack. This coverage will pay you for things like business interruption, the cost of notifying customers of a breach, and even the expense of hiring a public relations firm to repair any damage done to your image as a result of a cyber-attack. Having this funding available in the event of a crippling hack can keep the lights on till you’re able to resume your normal business operations.
What would you do if an email virus impacted the operation of your database and prevented you from serving clients for a day or more? Or what if a hacker or cyber-criminal caused a system outage or extended downtime, leaving your business inoperable? These and other events can destroy your ability to serve clients and bring in revenue, which can have a major long-term impact on the viability of your business.
Business interruption insurance compensates you for lost income if your company cannot operate as normal due to disaster-related damage that is covered under your commercial property insurance policy, such as data breach or cyber-attack. Business income insurance covers the revenue you would have earned, based on your financial records, had the disaster not occurred. The policy also covers operating expenses, like electricity, that continue even though business activities have come to a temporary halt.
If your business handles sensitive customer data (such as email lists, credit card records or other files), data breaches pose a serious threat to your financial stability. A lawsuit resulting from a data breach means your business is responsible for paying legal fees, court-ordered judgments or settlements and other court-related costs.
Third-party coverage protects you in the event of a lawsuit brought by a customer or partner for a data breach that your business' actions or negligence allowed.
If your business experiences a data breach or violation of confidential information during regular business operations, you may be found in violation of state or federal privacy laws and be required to pay fines for the violations or other regulatory issues.
You may be eligible for regulatory claim coverage which would offer protection in response to proceedings related to state disclosure laws and other governmental actions that can result in defense costs, fines and/or penalties. Coverage does vary and may be restricted by state law.