Home-FAQs-

How can I get a Credit Insurance policy?

By |2022-02-09T12:06:05+00:00June 22nd, 2017|Categories: , |

As a specialist Credit Insurance broker, we offer non-binding quotes upon request. Contact us or complete the questionnaire for the type of credit insurance you require: Whole Turnover, Excess of Loss, Multi-Buyer, Single Buyer, Top Up or Single Invoice Once we have the information needed to obtain quotes from all the insurer we will approach the market on your behalf and present [...]

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I have more than one business. Can I insure them all?

By |2022-02-09T11:58:30+00:00June 13th, 2017|Categories: |

Yes, you can. One business will be the "Lead Insured" and the other/s will be "Joint Insured/s". If all companies trade with the same buyer/s you will need to ensure you have a credit limit high enough to cover all exposure.

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I am already insured but can’t get cover on some customers. What can I do?

By |2022-02-09T11:58:41+00:00June 13th, 2017|Categories: |

Some insurers have a facility whereby you can purchase additional cover in the event of them not willing to insure a buyer to the full extent. If this is not available with your current insurer you may be eligible to "Top Up" your existing cover with another insurer. You can get a Top Up quote here. [...]

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How much will I get back if I claim?

By |2022-02-09T11:58:49+00:00June 13th, 2017|Categories: |

Most Credit Insurance policies pay 90% of the net debt in the event of a claim. In some cases 100% indemnity is available.

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Does Credit Insurance cover VAT?

By |2022-02-09T11:59:05+00:00June 13th, 2017|Categories: |

No. In the event of a bad debt, you will submit a claim for the outstanding Net Debt and claim VAT back from the Government via Bad Debt Relief here.

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How does Credit Insurance work?

By |2022-02-09T11:59:12+00:00June 13th, 2017|Categories: |

First of all, you make sure you have a credit limit on your customer by one of two ways: 1 - by applying to the insurer for the amount of cover you need or 2 - by setting your own Discretionary Credit Limit by using your previous trading experience or a credit report from an [...]

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How much does Credit Insurance cost?

By |2022-02-09T11:59:27+00:00May 17th, 2017|Categories: |

The cost of Credit Insurance is dependent on a few things: The amount of turnover to be insured The sector into which you sell your products or services Previous bad debt experience

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Can I insure just one customer?

By |2022-02-09T11:59:19+00:00November 27th, 2012|Categories: |

Yes, you can and you can get a quote for Single Risk here. Single Risk Credit Insurance can sometimes be more expensive than Whole Turnover Credit Insurance which includes the cover for your Single Risk.

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