Accounts Receivable Records

Accounts Receivable coverage may be written on either a reporting or non-reporting basis.

If the insured chooses the reporting basis, it may be on either a monthly or quarterly basis.

The coverage provides direct physical loss to accounts receivable records on the described premises, in transit or away from the described premises.

Loss to accounts receivable records may result in one or more of the following:

1. Sums the insured cannot collect from his customers;
2. Interest on a loan that the insured must take out until the insurance proceeds are collected;
3. Any collection cost above the insured’s normal collection costs;
4. The reasonable cost to reconstruct the insured’s record.