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.