Highlights
- Non-cancellable limits
- 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, 17.5% for each corresponding renewal
- Pre-shipment, advance payment and consignment coverage available
Best For
- Manufacturers
- Trading companies
- Service providers
- Wholesalers Distributors