You will be protected against the non-payment of a valid invoice, either because your customer won’t pay or their business has become insolvent.

You won’t be protected against:

• Non-payment of a disputed invoice
  You’ll need to settle the dispute with your customer before Hokodo will consider your claim.
• Damage or loss of goods in transit
  If you need this cover, it should be covered by your normal business insurance policy.
• Activity by a government which prevents your invoice being paid
  This means events such as war, requisition of a property, currency controls etc.
• Fraud or dishonesty
  You’re not covered for claims which are the result of fraud or dishonesty by your company
• Illegal claims
  You’re not covered for claims which would require Hokodo to breach sanctions or anti-money laundering regulations.