With compulsory liability products, such as employers’ liability, insurers are traditionally unable to deduct an excess from any claim settlement. But for some companies, using a large deductible to reduce their premium is an effective way of managing their insurance costs.
If you choose this option, your insurer may require an insurance deductible guarantee bond (or letter of credit) as security against the risk of your non-payment of the deductible in the event of your insolvency.
Providing that guarantee is where TMHCC can support you.
Best for
- Large Firms
- High Volume House Builders
- Commercial Property Developers
Highlights
- Deferred payment guarantees on large commercial or land sale contracts
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Why choose 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.
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