01
Report overdue debt & retain records
Notify the insurer as required, and manage collection, extensions and further credit sales under the policy.
Additional protection · Compute providers offering credit terms to enterprise customers
Compute Receivables Protection
Protection for eligible receivables from delivered services when a buyer becomes insolvent or remains in protracted default.
What is covered
Delivered services. Unpaid invoices.
Eligible unpaid receivables caused by buyer insolvency or an agreed period of protracted default, once the buyer and limit are approved and receivables meet the agreed conditions.
Buyers and limits should normally be confirmed before delivery. Existing receivables require separate acceptance.
What is excluded
- Cancellation of undelivered orders or reduced future revenue.
- Known bad debts, unapproved sales above credit limits, and receivables that do not meet credit-term or reporting requirements.
- Receivables subject to unresolved delivery, quality or pricing disputes. After resolution, the policy determines their treatment.
Costs & Claim Examples
References & estimates · Not a formal quoteInsurance cost reference£40,000Public annual premium example · £20,000,000 in annual insurable sales · 12 months · GBP
Standalone service budget£6,000Optional standalone service estimate
Assumed workload · 10 person-days × £600/person-day
Assumed workload · 10 person-days × £600/person-day
The insurance reference is a published example for conventional trade credit insurance, with the premium adjusted against sales. AI compute businesses require separate underwriting; this reference does not price the payout assumptions below.
The formal proposal specifies whether standard monitoring and verification are included. Standalone services are not a mandatory cost of buying insurance, and included work is not charged twice. Taxes and third-party expenses are listed separately; the two figures do not form a package price.
View the insurance cost source and scope
Allianz Trade UK · Official turnover declaration example ↗
The source currency and calculation scale are retained. The 0.2% rate belongs to that public example; it is not an aimam or industry-wide AI rate. The minimum premium is 90% of the estimated premium. The 90% indemnity percentage below is an independent assumption, unrelated to that minimum.
The public example calculates £20,000,000 × 0.2% = £40,000, with a £36,000 minimum premium, ultimately adjusted against declared sales. Insurable sales are not a buyer limit or payout limit.
View the standalone service budget and scope
Contracts, billing rules & standard data integration3 person-days£1,800
Review of sampled receivables documents & reports1 person-day£600
Quarterly receivables checks, 1.5 person-days each6 person-days£3,600
This example assumes one standard billing system and up to 10 buyers, with quarterly sample checks rather than a transaction-by-transaction audit. The assumed budget rate is £600 per person-day (8 hours), a service estimate rather than a standard market price. No currency conversion is made against the USD examples.
Additional expenses: applicable taxes, buyer investigations or ratings, specialist recovery, legal services and additional integration development.
Public sources are provided for information only and do not imply a partnership with or endorsement of aimam.
What would you bear on this loss?
Example: a £60,000 invoice less £3,000 in valid credits, £20,000 already paid and £5,000 recovered leaves £32,000 of eligible unpaid debt, calculated at 90%.
Assumed buyer limit£100,000
Retained share of this eligible credit loss£3,200
Calculated payout in this example£28,800
There is no additional fixed deductible in this example, but a 10% loss retention applies. £3,200 excludes the earlier £3,000 service credit, premiums, service fees and other expenses. Post-payment recoveries must be allocated under the policy.
Expand the calculation & conditions
These are independent illustrative claim assumptions; they do not imply that the £40,000 example premium buys these terms. Assume the buyer has been accepted, the receivables meet delivery, reporting and protracted-default or insolvency conditions, and sufficient limits are available.
- Approved limit for this buyer
- £100,000
- Remaining annual payout limit at claim time
- £500,000
- Eligible-loss indemnity percentage
- 90%
- Additional fixed deductible
- Assumed £0 in this example
- Original service invoice
- £60,000
- Less: valid service credits
- −£3,000
- Less: amount already paid by the buyer
- −£20,000
- Less: recovered before claim assessment
- −£5,000
- Remaining eligible receivable
- £32,000
- Illustrative payout calculated at 90%
- £28,800
If an undelivered order is simply cancelled, or receivables arise from an unaccepted transaction, this cover pays £0. Delivery disputes must first be resolved to establish the receivable under the policy.
How claims work
02
Confirm the outstanding amount
Provide delivery and receivable evidence, deducting valid credits, amounts paid and recoveries. aimam assists with document checks.
03
Payment subject to limits & percentages
Once insolvency or protracted-default conditions are confirmed, the insurer applies the buyer limit, retained percentage and policy limits.
Notification, waiting and payment periods follow the policy. Retained amounts exclude premiums, service fees and other uninsured losses.
Detailed Terms & Required Documents
Can an outage, service credit or delivery dispute affect a claim?
First confirm the services delivered and the right to payment. Deduct valid credits, payments received and recoveries before checking the remaining debt. An outage payout does not reinstate a debt that the buyer was entitled to reduce.
Disputed amounts must first be established; an unresolved amount has not necessarily met the credit policy conditions. Eligible debts must satisfy the agreed insolvency or protracted default conditions before credit limits, retained shares and policy limits apply.
What if the buyer's credit limit changes during a long contract?
Credit limits are generally confirmed before delivery; existing receivables are reviewed separately. If a limit is reduced or withdrawn, or coverage expires, check existing debts and subsequent deliveries separately for continued cover.
A long-term service commitment does not guarantee an ongoing credit limit. Before suspending supply, requesting advance payment, extending terms or settling a dispute, check both the customer contract and insurance requirements. An alert alone is not a basis for automatic suspension.
What key information is needed to apply or claim?
For an application, prepare the trading parties and payment recipient, contractual payment terms, buyers and related groups, peak outstanding balances, overdue history, and sample billing, acceptance, credit and payment records.
Report overdue debts promptly through the designated channel. Retain delivery, invoice, reconciliation, collection and dispute records, and provide evidence of insolvency or protracted default. Extensions, recovery action and post-claim receipts follow the agreed arrangements.
How does this work with other cover?
Non-payment risk and service interruption are assessed separately. Delivery records do not replace buyer credit approval.
See how coverages work together ↗