Excess of Loss
Maximum freedom, individual protection.
Due to the financial crisis, the excess of loss policy (XL policy) significantly gained in importance. Many companies develop their own risk controlling. Their combination of debtors management and willingness to partially bear the risk themselves makes the “XL” issue so interesting.
The most important contractual part of this policy is your debtors management, compiled in a credit manual. Aside from turnover or sales and prior damage, the “first loss” for which you bear the risk yourself will contribute significantly to setting the premium level.
Our task is to help you choose a partner and support you in all questions concerning the XL policy. This also includes regular contract adjustments, information collection or claims handling.
Depending on the provider, it is also possible to integrate an insurer’s rating into the policy within the scope of an XL solution. This can significantly relieve your debtors management.