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Excess
Credit-Insurance |
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You will be your
own decision-maker and will use the insurer's
information, while avoiding catastrophic losses. |
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Companies
concerned |
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Industrial or
commercial companies having an organized Credit
Management. |
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Purpose |
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Coverage of the
declared insolvency risk of a debtor who is in
Judiciary Receivership or Judiciary Liquidation
or equivalent. |
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Scope of
cover |
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OECD |
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Coverage |
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The Credit Manager:
- either personally determines the coverage limits
to be granted to clients using a procedure which
he has defined
- or sets the credit coverage limits in collaboration
with the Insurer, who is also open to consultations
relative to the solvency of the clients. |
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Collection |
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On the due date,
non-payment results in a recovery choice:
- either by the Insured,
- or by the Insurer.
Beyond a period stipulated in the contract, the
Insurer's intervention is manfatory.
Fees: generally borne by the Insurer. |
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Losses
not subject to deductible |
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Low amount losses
are excluded from cover. |
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Aggregate
First Loss |
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Total cumulative
amount of losses which the insured party will
bear. |
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Maximum
liability |
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Maximum indemnification
amount chosen by the insured party. |
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Cost |
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Annual lump sum
premium according to the desired protection, the
characteristics of the insured activity and of
its budget. |
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