Product Overview
Our whole turnover policy covers you for non-payment for domestic and export sales due to insolvency and default. This product is available for commercial and political risk for buyers worldwide.
Depending on the clients wishes the cover can be ground-up covering all losses including small losses or with a deductible meaning a claim will be paid when a certain threshold is breached (per buyer or per year).
From SME to multinational
We can insure SME companies offering them a complete policy with credit limit and collection service but we also cover multinationals. Service can be provided locally through our various offices.
Non-cancellable limits
In order to offer our clients more certainty cover, we also offer the possibility of non-cancellable credit limits; usually for 12 months. Non-cancellable limits are available for clients with more sophisticated and strict credit management.
Features:
- Policy limit up to GBP 50m
- Local underwriters in 5 countries (UK, Germany, France, the Netherlands and USA) with high local authorities enabling quick decisions
- Direct access to the underwriter
- Wide range of choices and options to complete your policy
At Nexus CIFS we pride ourselves on offering a bespoke service to our customers. Many clients come to us because of our personal and flexible approach, and the added value that we can provide. All Nexus CIFS policyholders also have access to our credit management products:
Nexus CIFS’ First Limit product provides policyholders with on-line access to immediate discretionary limit decisions on appropriate trading levels with potential business partners, bringing certainty and security to the trading environment. First Limit is a quick and cost effective way of establishing credit limits and, with the unique available limit information provided, is a great way to boost sales, allowing you to target your most credit-worthy customers.
Nexus CIFS’ First Place product provides a market-leading debt recovery service, enabling policyholders to collect overdue accounts swiftly and effectively & recoup the costs if the debt is collectable, whilst also being on a “no win, no fee” basis. We have worked with the UK’s leading collections agency STA International to develop a service that offers an easy-to-follow collections procedure and also helps you to ensure compliance with your policy requirements.
Trade Credit Wordings & Forms