The most popular and cost effective way of credit insuring is usually through a whole turnover policy although this doesn’t suit all businesses. Most insurers offer a product which allows you to insure a selection of your customers.
This could be to insure your biggest customers, exclude the biggest customers, exclude the smaller accounts or to insure only a specific division of your company. Like whole turnover, claims are paid as a result of default on payment or insolvency.
The cost of the policy is linked to the insured turnover as well as the perceived risk of the buyers covered.