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Frequently Asked Questions

Q1

Question

What kind of risks are covered by Online Micro-Business Policy “OMBP”?

Online Micro-Business Policy

Q1

Answer

  • the insolvency of the buyer/client;
  • the failure of the buyer/client to pay for goods accepted by it/ services rendered to it

Q2

Question

What documents do I need to submit when applying for the policy?

Online Micro-Business Policy

Q2

Answer

You need to upload your Business Registration Certificate copy during the online application.

Q3

Question

Do I need to have a written contract of sale/service contract with the buyer/ client?

Online Micro-Business Policy

Q3

Answer

Yes. The contract must be in force before shipment and/or services rendered and be evidenced in writing.

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