As was mentioned earlier these insurances refer to the possibility of the purchaser of goods or services not paying for them as he should. The business is divided between home and export with the export side being handled by the ECGD.As we know that this article is based on CREDIT INSURANCES so we should know following things:

                                              Pecuniary loss insurance
When premises are damaged by fire the payment of insurance monies will greatly relieve the hardship associated with repairs and rebuilding. What has not been mentioned so far are the losses that are the consequence of fire damage: the consequential losses.

                                                        Loss of rent

When a building has been damaged, even though damaged enough so that it cannot be used until repairs are carried out, the person occupying the building may still be obliged contractually to pay rent to the owner. In a similar case the owner may lose rent where the tenant has been relieved of the obligation to pay it.

                                                        Loss of profits

A more serious aspect of consequential loss is where business premises are damaged and profits are lost while the business is interrupted due to the fire. This interruption period can last in some cases for many years. Not only must the building be rebuilt but customers who may have gone elsewhere for their products must be won back and it may take some time to reach previous sales levels.
During this interruption period there will be a loss of revenue resulting in a loss of net profit that is the profit after the expenses of production have been deducted. In addition ;the company may still incur certain standing charges, or fixed costs, that are not reduced due to the fire such as rent, rates, wages and salaries for certain employees, interest on loans, etc. Finally additional expense may be incurred by the company in minimising the loss in revenue through leasing alternative temporary premises.

                                                Legal expenses
A comparatively new form of insurance protection, within the last fifteen years, is the provision of cover for legal expenses. The risk being faced by a person or company is looked upon as being the uncertainty over whether or not legal expenses may be incurred and if incurred what they may amount to. In return for an annual premium the insured person can be freed from this uncertainty as the insurer agrees to meet legal costs subject to certain exceptions.

Cover is available to private individuals and organizations both of whom now face an ever-increasing possibility of legal action. One growing area of cover is among trade unions and professional bodies. Many such organizations offer a legal service as one of the benefits of membership but with escalating costs it is very difficult for them to budget. To ease the problem they can purchase legal expenses insurance and pay a fixed premium each year.

                            COMBINED AND COMPREHENSIVE POLICIES

Many of the forms of cover already dealt with are required by the same individual or business. A householder who owns and occupies his own house will require fire, special perils, loss of rent and additional expenses (rates, and ground rent in the case of the owner/occupier), theft, glass, money and liability insurances. The industrial purchaser may require the same with the possible addition of goods-in-transit, engineering, fidelity, credit and loss of profits insurances.

                                         Combined insurances

The advantages of combining various forms of insurance into one

Policy forms are the following:
(a) it is less costly from the administrative point of view;
(b) there is one one premium and one renewal date to bother about; (c) there is less chance of overlooking one form of cover;
(d) such a combination is easier to market as one product rather than several independent policies.

These combined policies, sometimes known as "traders' combined" or "shopkeepers' combined", are very suitable for a large number of business insured although the larger the insured becomes the greater the need to arrange insurances specially for him.

                                       Comprehensive insurances

A step on from issuing combined polices, which is only the combination of separate policies within the one folder, is the comprehensive policy. This form of cover represents a widening in the scope of cover. This is evidenced by the household comprehensive policy which, in addition to covering the basic perils mentioned above, also includes cover against damage caused by collapse of television aerials, leakage of central heat- ing oil and the breakage of underground water pipes, sanitary fittings and many more risks.And we can see more articles directory related to Comprehensive insurances.