In addition to domestic and export credit insurance programs, insurance companies structure policies differently.

A few of the different policy structures are:

Named policy form / key accounts
This structure covers your largest accounts which are pre-approved by buyer underwriters. This type of policy can be tailored to fit any portfolio risk.

Whole turnover / all sales
This “ground up” credit insurance policy covers your entire customer base with larger accounts scheduled – or approved by buyer underwriters – and smaller accounts covered under a Discretionary Limit.

Retention
Policy pricing varies between policies, but you may be able to keep premium cost under control by sharing the risk. This is done by:

• Coinsurance – the percentage of loss paid on each and every loss occurrence. Under this structure, the policy typically covers between 80% and 95% of the claim.
• Deductibles – the excess of loss deductible or annual aggregate deductible is set with bad debt loss experience.

Additional features to consider when you purchase a policy are:

• Qualifying loss – the minimum loss paid by an underwriter.
• Credit insurance policy period – policies are typically offered on a renewal basis but may available between 12 and 24 months.
• Waiting period – insolvency and protracted default is usually not less than 90 days. Claims due to political events may have a curing period prior to settlement.
• Country limitations – sales to certain countries may be limited or subject to requirements.

Get additional information about policy structures and features by calling 877-442-7475 or online.