Best for
- Manufacturers
- Trading Companies
- Service Providers
- Wholesalers
- Distributors
Highlights
- Non-cancellable limits
- $50 million maximum line for any one risk
- Discretionary credit limits with the policyholder making a majority of the decisions
- Typically 90% indemnity but can be higher based on level of deductible
- Borrowing base enhancement with insurance being viewed as a form of collateral
- No buyer limit or collection fees
- No cap on ‘"DCL’" losses
- Minimum premium of $25,000
- Multi-year policies
- Broker commission of 20% for the first year and, 17.5% for each corresponding renewal
- Pre-shipment, advance payment and consignment coverage available
- Worldwide scope
- Responsiveness of a dual underwriting platform with experts in New York and London
- Emphasis on building a customer relationship and a long-term partnership
- Superior claims management processing and customer service
Summary of coverage
- First-loss deductible that can be adjusted to meet the desired structure and target premium
- Available on a portfolio or select key accounts basis, protecting a company from catastrophic loss relating to large credit exposures
- All goods and services are eligible for coverage with no limitation regarding where the product is manufactured
- Premium payment options are available based on sales, account receivables, approved credit limit or a fixed amount
- Admitted in all 50 states
Documents & forms
Related products
Not all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.