Chubb typically partners with companies who want an insurance product to complement their own credit management practices.
Multi buyer excess of loss
This product is designed to support companies with excellent credit management who want to protect their receivables portfolio in excess of an annual aggregate deductible. Such structures usually provide a high level of discretion; it means companies can trade in accordance with their own controls and procedures, secure in the knowledge that their credit insurance policy is there as a backstop.
Policies can be managed centrally, regionally or country by country using 360, our online administration tool. Chubb can accommodate global insurance programmes and we offer seamless local service in the major global financial centres.
Single transaction or specific account
Single transaction credit insurance is for companies who simply need to protect against non-payment by a single customer – typically their largest customer.
Named buyer portfolio
It’s common for the bulk of a company’s turnover to be with just a handful of core customers. When that’s the case, Chubb can offer a named buyer portfolio policy that insures sales specific to those named buyers.
Companies sometimes have a trade credit insurance policy in place with another insurer that broadly meets their needs, but doesn’t fully cover all of their exposures. For peace of mind, Chubb has developed an innovative, additional policy to insure any shortfall in coverage. Companies usually prefer to manage this top up cover online, direct with Chubb.
As well as offering non-cancellable credit limits, Chubb incorporates flexibility into its trade credit insurance policies, including:
- High discretionary limit levels, in line with credit management capability;
- Variable levels of deductible with risk share of up to 100%;
- Group limits and worldwide coverage;
- Bespoke wordings;
- Multi-year policies.
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