Excess of Loss insurance allows you to obtain insurance coverage for larger losses or liabilities that may exceed the credit limits provided by standard insurance policies. Insurers normally incorporate an increased risk share in the form of a large Policy Excess, which allows insurers to agree credit limits of significant value. In addition, the credit limits are normally issued on a non-cancellable basis to the end of the policy period. This gives you added financial security and peace of mind as you are protected against the impact of a significant loss.

The Insurer underwrites the credit control procedures of the policyholder therefore enabling businesses to set their own credit limits at an agreed level above that normally offered by a standard credit insurance policy.

Insurers offering Excess of Loss insurance have access to the expertise and resources of the reinsurer. This translates into better risk assessment, underwriting, and claims handling practices, ultimately benefiting you as a client.

With Excess of Loss Insurance, your insurer is required to maintain its own financial stability, solvency and must comply with regulatory requirements. By meeting capital and solvency regulations, insurers are better positioned to honour their obligations to you as a policyholder and maintain stability in the marketplace, ensuring that your coverage remains reliable.