• Broker
• Credit Lines
• Coverage

• Broker
  • Credit Lines
    • Trade Credit
    • Surety and Bonds – UK and Europe
    • Coverage

Coverage

We are committed to understanding clients' needs and designing tailored policies that offer flexible protection:

Whole-turnover

Fixed or variable premium policies with flexible structures to suit the individual client’s needs. Policies can provide indemnity of up to 100% through the risk share arrangement of a hybrid aggregate first loss structure. Covering buyers for both insolvency and protracted default, we can insure both domestic and export trade. The security behind our policies is underwritten 100% by QBE Insurance (Europe) Ltd.

Multi-buyer

Designed for companies whose exposure is concentrated among a small number of key customers. Cover is offered on a named-buyer basis for the organisations who make up a significant proportion of the client’s sales ledger receivables.

Excess of loss

Offers medium-to-large sized corporates protection against exceptionally high levels of bad debt losses. Companies with a substantial turnover and strong credit management processes – and who are willing to accept a level of self-insurance to achieve premium savings – may find this an attractive option.

Single buyer

Will suit companies with a concentration of exposure to a single buyer whose failure would have a catastrophic effect on the insured’s cash flow. The structure will accommodate significant single-buyer exposure.

Top-up cover

A top-up facility offers an additional layer of credit insurance on a single buyer, supporting insurance provided by another primary carrier. QBE can offer to top up the cover required by an insured subject to the agreement of the primary carrier. This applies to companies who have credit limit shortfalls with their primary credit insurer on a particular buyer.

Surety Bonds

Bonds are designed to provide third party protection to employers against loss or damage suffered as a result of breach of contractual obligations by a contractor. In the UK, QBE is able to offer a number of different traditional classes of bonds enabling clients to offer independent security to customers and employers. We target medium to large organisations in construction and related sectors and will consider many other types of bond including HMRC requirements and rail franchise bonds.

The underlying risk for surety bonds is the risk of financial failure. We therefore require at least two years’ successful trading history demonstrating good financial health and supported by full report and accounts and details of banking facilities. Where appropriate we may also request sight of management accounts. If the risk company is part of a larger group, we will also assess financial viability at group level. We will always require a satisfactorily completed proposal form, and all bond issues must be supported by a corporate counter indemnity from the risk company or group.