Solution: TopUp
A suitable solution for businesses with an existing trade credit insurance program that lacks sufficient coverage on their primary insurance policy. TopUp programs increase credit limits on your primary insurance policy. When implemented correctly, they align seamlessly with your base insurance and add no extra operational burden. TopUp programs can be tailored to add cover to your entire buyer portfolio or improve credit limits on key buyers.
Main Characteristics:
Subject of Coverage: TopUp coverage be implemented for the entire portfolio or only selected buyers that have insufficient coverage.
Losses Covered: In line with the coverage of the primary insurance policy.
Risk Management: Is in line with the primary insurance policy.
Additional Coverage: Typically in line with the primary insurance policy.
Self-Retention: Typically in line with the primary insurance policy.
Why Choose TopUp Coverage?
Extended credit limits: Secure higher limits for strategic customers or entire portfolio without renegotiating primary policy terms.
Growth enablement: Support larger transactions and expansion into new markets with confidence.
Flexibility: Can be tailored to specific buyers or deals where additional capacity is needed.
Financing Advantage: Strengthen your position with lenders by ensuring full coverage where required.
Risk optimisation: Combine primary and TopUp coverage for comprehensive protection.