Protection against company insolvency
Product: Insolvency Policy Underwriter: Atradius Commission paid: 20% finder's fee Coverage - Ai...
Product: Insolvency Policy
Underwriter: Atradius
Commission paid: 20% finder's fee
Coverage
- Aimed at UK companies turning over £2m. Protects them against non-payment because of UK buyer insolvency. Max credit limit is £75,000 but unlimited number of credit limits can be applied for online.
Minimum premium
- No minimum premium has been announced at the moment but the average is eventually expected to be around the £1,200 mark
Excess
- 90% indemnity applies.
- Customer bearing 10% of the loss
Co
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