Protection against company insolvency

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

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