Excess of Loss

Most businesses run some kind of credit risk and there are a host of ways to manage that. But even those with strong credit management practices can find themselves suddenly facing a catastrophic loss from a large credit exposure.

TMHCC’s Excess of Loss credit insurance protects you against these exceptional losses. Designed for medium-sized and large firms with a high turnover, our cover operates on a risk share basis, allowing for substantial discretionary credit limits.

Best for

• Contractors and Sub-Contractors
• Distributors
• Manufacturers
• Service Providers
• Trading Companies
• Wholesalers

Summary of coverage

Excess of loss policies are written for companies with proven credit management capabilities. Coverage generally includes a first-loss deductible which can be adjusted to meet a policyholder’s desired structure and target premium. Coverage is available to insureds 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.

Highlights

• Non-cancellable cover available
• Direct access to our specialist risk underwriters
• Allocated commercial underwriter for each customer
• Ability to provide bespoke policy wording to support individual business practices and processes
• Large discretionary credit limits allowed
• Insured carries a policy excess at a level that represents a comfortable risk share and removes all usual attritional losses
• Allows for a lower premium compared to a full-service whole turnover policy
• Market-leading specialist claims service
• Access to commercial debt collection services via our partner, Nelsons
• Part of a large global insurance group with a Very Strong rating by Standard & Poor's
• Local personalised service and global reach