Credit Insurance Policy Options

Who sets credit limits?

Credit limits are normally assessed and set by the policyholder up to a pre agreed level. Larger debtors are normally referred to the insurer for vetting. Credit terms for exporting are normally set by the credit insurer.

Do I recover 100% of the loss?

Indemnity is normally provided up to 80% - 90% of the debt. Some insurers offer 100% indemnity where a very strict credit management procedure exists.  

Will I have to change our credit management procedures?

Credit insurers will vet your current credit management procedures and if necessary will ask you to adopt standard credit control practices.  

What are the excess options?

Excess options can be arranged on a first loss, aggregate, datum line or a simple per claim basis. If you are willing to accept a certain amount of bad debt your premium will be lower.

What is different about an export policy?

An export policy is different to a domestic policy as it normally cover’s both the commercial risk (bad debt) and the political risk incurred when trading overseas.

How do I pay for my insurance?

For most policies we offer the choice of monthly or annual payment terms. Annual payments are made by cheque, debit or credit card or if you prefer to spread the cost of your insurance and pay monthly we offer a direct debit scheme. 

How do I get help?

How do I obtain a quote?