Credit Terms and Risk Transfer

This table provides details of credit terms and risk transfer information by product.

PRODUCT

CREDIT TERMS

RISK TRANSFER

Commercial Combined (Premiums Under £15,000)

60 Days

YES

Commercial Select (Premiums Over £5,000)

60 Days

YES

Commercial Property Owners

60 Days

YES

Flats Property Owners

60 Days

YES

Office & Surgery Plus

60 Days

YES

Shops

60 Days

YES

Let Residential Plus

60 Days

YES

Motor Trade (Allianz, COBRA Network exclusive product)

60 Days

YES

Motor Trade (LV=)

60 Days

YES

Contractors Combined

60 Days

YES

Excess Liability

60 Days

YES

Combined Liability

30 Days

NO

Golf Select

60 Days

YES

Management Liability

60 Days

YES

Professional Indemnity

60 Days

YES

Clubguard

30 Days

YES

Terrorism Extension

60 Days

YES

 

Credit Terms

Enhanced credit terms are provided on most products on the basis that the terms are strictly adhered to.

 

Risk Transfer

On products where risk transfer applies, risk transfer cascades to the intermediary. For products that risk transfer does not apply, risk transfer occurs once the premium has been paid to COBRA Underwriting Agencies Limited.

 

Contact Michael Bowler on 020 8256 1930 or michael.bowler@cobraua.co.uk if you require any further information concerning credit terms or risk transfer.

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COBRA Underwriting Agencies Limited is registered as a company in England and Wales number 04731994 and is authorised and regulated by the Financial Conduct Authority number 307955.
Registered Office - 1 Minster Court, Mincing Lane, London, EC3R 7AA
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