Protection against higher levels of client default

Also known as Catastrophe Insurance, Excess of Loss policies tend to be taken out by medium to large companies who can afford to sustain a ‘reasonable’ level of bad debt. So cover only becomes effective once a pre-agreed aggregate of debts has accrued.

Policies can be on an 'all-vetting' basis where the underwriter is responsible for writing credit limits on the majority of customers or, where sophisticated credit management procedures are already in place, credit vetting can be left entirely to the insured.

Talk to Reynolds now about protecting your business with Excess of Loss Insurance. 0161 905 5500 Or complete an email enquiry form