Project: Flower Exports

A major flower producer has been growing and exporting T-Hybrid roses for the past 10 years. Their hydroponically grown roses are environmentally safe using liquid fertilization that is fully recycled and absent any hazardous nitrates or phosphorous. Since 1996, the company has expanded its operations and exports to buyers in some 13 countries located in Europe, the Middle East and Asia.

The company took out its first policy with ATI in 2004 to protect its sales against the risk of buyer payment default. In 2007, ATI paid a claim arising from the payment default by one of its buyers. Confident with the protection it was receiving, the company renewed its cover with ATI for the fourth time.

Maximum Sum Insured: $490,000