Coverage Guide

Understanding Credit Insurance Coverage Types

Different structures are designed for different risks. Here's how companies typically approach coverage.

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There Is No One-Size-Fits-All Approach

Credit insurance can be structured in several ways depending on a company's customer base, risk exposure, and financing needs.

Some companies insure their entire portfolio, while others focus on specific accounts or risks. Understanding these structures is the first step in determining what makes sense for your business.

Whole Turnover Coverage

Most Popular

Covers a company's entire portfolio of receivables across all approved customers.

When It's Used:

  • Companies with diversified customer bases
  • Businesses looking for broad protection
  • Situations where consistency and scale matter

Best For:

  • Manufacturers and distributors
  • Companies selling to many accounts

"Designed to create a baseline level of protection across your full book."

Key Account Coverage

Focuses coverage on a select group of large or higher-risk customers.

When It's Used:

  • High concentration risk
  • Exposure to a few major buyers
  • Concern around specific accounts

Best For:

  • Companies with top-heavy customer lists
  • Suppliers to large retailers or distributors

"Protect the accounts that matter most."

Single Buyer Coverage

Provides protection for one specific customer.

When It's Used:

  • New or uncertain relationships
  • Large individual exposures
  • One account represents significant risk

Best For:

  • Companies onboarding a new major customer
  • Businesses with one outsized receivable

"Targeted protection for a single exposure."

Export & Political Risk Coverage

Specialty

Protects against non-payment due to political or country-specific risks, in addition to commercial risk.

When It's Used:

  • International trade
  • Sales into emerging markets
  • Cross-border transactions

Best For:

  • Exporters
  • Companies with global customer bases

"Coverage beyond just the buyer—protecting against external risks."

Excess / Top-Up Coverage

Adds additional protection on top of an existing credit limit or policy.

When It's Used:

  • Existing limits are insufficient
  • Temporary increases in exposure
  • Gap coverage situations

Best For:

  • Companies already using credit insurance
  • Situations where limits are constrained

"Extend protection where it's needed most."

Coverage Can Be Combined

Many companies use a combination of these structures depending on their portfolio and risk profile.

For example:

Whole turnover
+
Key account coverage
or
Top-up coverage

The right structure depends on your specific situation. Understanding your customer base and risk exposure is the first step.

Not Sure What Structure Fits?

Most companies start with a simple review of their receivables and risk exposure. We can help you understand which coverage type might make sense.

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No obligation

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Start With Clarity

Understanding your coverage options is the first step. From there, you can decide what makes sense for your business.