Provided by Trade Credit

Excess of Loss

Even the tightest run ships can encounter catastrophic credit risks. Protect your cashflow with TMHCC.

Most businesses run some kind of credit risk and there are a host of ways to manage that. But even those with strong credit management practices can find themselves suddenly facing a catastrophic loss from a large credit exposure.

TMHCC’s Excess of Loss credit insurance protects you against these exceptional losses. Designed for medium-sized and large firms with a high turnover, our cover operates on a risk share basis, allowing for substantial discretionary credit limits.

Best for

  • Contractors and Sub-Contractors
  • Distributors
  • Manufacturers
  • Service Providers
  • Trading Companies
  • Wholesalers

Summary of coverage

Excess of loss policies are written for companies with proven credit management capabilities. Coverage generally includes a first-loss deductible which can be adjusted to meet a policyholder’s desired structure and target premium. Coverage is available to insureds on a portfolio or select key accounts basis, protecting a company from catastrophic loss relating to large credit exposures. All goods and services are eligible for coverage with no limitation regarding where the product is manufactured. Premium payment options are available based on sales, account receivables, approved credit limit or a fixed amount.

 
 
 

Highlights

  • Non-cancellable cover available
  • Direct access to our specialist risk underwriters
  • Allocated commercial underwriter for each customer
  • Ability to provide bespoke policy wording to support individual business practices and processes
  • Large discretionary credit limits allowed
  • Insured carries a policy excess at a level that represents a comfortable risk share and removes all usual attritional losses
  • Allows for a lower premium compared to a full-service whole turnover policy
  • Market-leading specialist claims service
  • Access to commercial debt collection services via our partner, Nelsons
  • Part of a large global insurance group with a Very Strong rating by Standard & Poor's
  • Local personalised service and global reach
 
 

 

Get in touch
Ray Massey
Ray Massey

Director of Credit - Trade Credit

Jerome Swinscoe
Jerome Swinscoe

President, HCC Credit Group

Ed Ashton
Edward Ashton

Senior Underwriter - Credit Group

Brochures

BROCHURE

Credit & Political Risk

Money and politics are two volatile exposures that can have a big impact on your bottom line. Count on our political and credit policies to shield your business from unpredictable circumstances.

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BROCHURE

Trade Credit Brochure

Our Trade Credit team offers deep expertise and a solid balance sheet, Tokio Marine HCC evaluates and manages risk like no-one else in the industry.

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why-tmhcc

Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

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