Sitemap:- Home Credit Insurance:- Finance:- Credit Reports:-  Debt Collection:- Advanced Payment Protection:- Why Use Rycroft:- Free Information:-

Credit insurance
Tel: 01424 217698 Mob: 07971 996658 Fax: 0845 127 4385
Rycroft Associates

Self underwritting Credit Insurance policy


Most people hate paperwork, so in order to minimize unnecessary work, we would recommend that the following procedure is followed: Firstly, in order to verify that either a policy is needed, it is important to identify where the risk actually lies. The only way to do this is by way of analysing the aged debtors listing in to bands of indebtedness as follows:

Above 500,000 between 375,001 and 500,000
between 250,001 and 375,000
between 125,001 and 250,000
between 50,001 and 125,000
between 20,001 and 50,000
between 10,001 and 20,000
between 5,001 and 10,000
below 5,000

Calculate the total outstanding debt in each banding and the number of debtors in each banding.
multiple subsidiary debts should added together.
Send this to us in order that we can discuss this with you for suitable options and suggestions or if you have a number of accounts in the higher brackets or a spread of risk across the bands, you may want to go straight to requesting a quote.

Secondly, subject to the above, a form, along with supporting documentation, will have to be completed in order that the insurer can make a fair assessment and suggest a range of premiums based on the information given and the risk you would like them to retain.

Non-binding quotes can then be produced and fined tuned if you want to change any of the policy perimeters (first loss, maximum liability, etc.).

Subject to satisfaction of both sides, policy documents can be drawn up and a visit by the insurer to go through the agreement.

A visit from the insurer can take place at any time to discuss any aspect of the policy or the quotes given, if required.

Home Page Back to the home page, choose other options such as Company Finance, Debt Collect, Credit Reports etc.

Email this page to a colleage (Open email)

© copyright July 1996 to 2011 CIFF - Credit Insurance, Factoring & Finance