Cover One protects you against the risks of non-payment of invoices, as well as work-in-progress costs, under one contract for up to 3 years.
Each individual contract forms the basis for a policy and the cover is fixed throughout the contract.
It is a new kind of insurance from Allianz Trade, designed to insure a specific contract. It covers this single contract for up to 36 months, with a credit limit that’s non-cancellable. This is different to ‘single risk’ insurance which is usually for repeat business, with a policy that stays in place for 12 months.