Essential cover for specific trading risks.

If the insolvency of one of your customers would have a material impact on your business, our Specific Risks cover provides you with the protection you need. The policy is a straightforward credit management tool that allows you to pay for only the cover that you need on a customer in the UK. For single customer insolvency, it provides the essential cover at a cost-effective rate.

Straightforward solution

Specific Risks is a straightforward solution to a concern shared by many companies. By directing credit insurance at a specific risk with whom you do business, Specific Risks cover allows you to take the credit risk on smaller accounts yourself. It enables you to select your most important debt and protect yourself against a risk that would have significant consequences for you. And with just a single risk, administration of the policy is kept to a minimum.

Flexible cover

Specific Risks usually covers a single significant UK customer. However, under certain circumstances we can cover up to six of your customers on a named basis from the outset of the policy. The credit limits we provide are guaranteed to last for up to 12 months, so there is no risk to you of cover being reduced during this period. However we can consider increases in the level of cover to support increased trade. The indemnity level is 90%.

Cost-effective option

By only insuring your key customer, our Specific Risks credit insurance option allows you to pay for only the cover you require. This enables you to have the essential cover you need at a cost-effective price. Premium is usually payable in full at the outset of the policy so you know exactly how much the cover will cost you.