Excess of Loss cover for non-payment due to the insolvency or default of a buyer, or inability to transfer currency due to a political act. Non-Cancellable Buyer and Country limits available providing greater contract certainty.
Features & Benefits
- Cancellable or Non-Cancellable credit limits can be considered depending on the policy structure
- Aligns the interests of both parties with an appropriate level of Aggregate First Loss
- Supports existing Credit Management procedures through the use of a discretionary limit, without the need to outsource all credit limit decisions
- Tailored solutions to address specific requirements
- Lower policy administration
- No separation of risk and commercial underwriting allowing direct access to the decision maker
- Global Limits provides an online platform for credit limit management
- The policy can be enhanced with Global Limits Manager, which provides up to date receivables portfolio management and risk insight