Whole Turnover

Credit limit cancellations are not only frustrating for a credit manager but can also impact a business's bank financing. Tokio Marine HCC - Credit Group is a leading provider of non-cancellable whole turnover multi debtor coverage protecting account receivables from non-payment due to commercial or political events.


  • Non-cancellable limits
  • Discretionary credit limits
  • Up to 90% indemnity
  • 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

Summary of Coverage

Tokio Marine HCC's trade credit underwriting team prides itself on strong broker and client relationships to help support a policyholder's portfolio diversification on a domestic or international scale. Our whole turnover policyholders are looking to complement their own credit functions by utilizing discretionary credit limits to allow daily credit decisions to remain internal while having the peace of mind that the account receivables are protected from unforeseen events. 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.
  • US$50 million maximum line for any one risk
  • Admitted in all 50 states
  • 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

Related Products

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions. 
financial strength

Our financial strength ensures our clients will always be protected.

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holistic portfolio

Our holistic portfolio of products includes more than 100 classes of specialty insurance

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tokio marine

Tokio Marine HCC is part of Tokio Marine, one of the largest P&C insurers in the world

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