Specific Account

Specific Account

There is a limited market into which we can place specific account/single account policies. Due to the selective nature of this risk the underwriting criteria tends to be much tighter than is the case on whole turnover cover. There are however several companies who will consider this type of cover. Single account cover is suitable for any company who has a large or excessive exposure to a single company or group of companies. Premium rates tend to range from 2% – 7% of the required credit limit,  with minimum annual premiums of £5,000- £15,000 being the norm for this type of business. It is also possible to look at a key account policy covering sales to a relatively small number of well established major customers.