Parameters that can be included in your credit insurance policy:

• Annual aggregate deductible:
  Your company absorbs the first level of loss up to the deductible, then the insurance is initiated. The deductible usually covers the expected level of loss based on past history.

• Per buyer deductible:
  Again this requires you to absorb the first loss for each buyer until the insurer comes into play.

• Co-insurance %:
  You share the percentage of the insurance claim after deductibles are reached. The percentage rate is pre-set.

• Non qualifying loss:
  Fixed amount of small losses which are not covered by the insurance policy. Once this amount is exceeded, policy comes into practice.

• Discretionary credit limit:
  You have the autonomy to grant a credit limit to your customers up to the level stipulated in the contract. Above this, you should request a credit limit from the insurance company.

• Premium:
  Depending on the type of policies the premium can be based on either the annual insurable turnover and paid on a monthly/quarterly/annual basis, or on the level of risks defined by the above parameters and paid annually.