Debtors Insurance
Debtors Insurance provides rma network Members with access to a specialist credit insurance arrangement designed to help protect against eligible losses when livestock buyers do not pay amounts owed.
Overview
Credit protection for Member businesses
Livestock & Property Agents can carry significant debtor exposure when livestock is sold on credit. If a buyer is unable to pay, the unpaid amount can affect both cash flow and the Member business.
For participating Members, the program works alongside the approved buyers process to help manage credit exposure when livestock is sold on terms.
Member program
How Debtors Insurance supports Members
Help protect unpaid accounts
Credit insurance may respond to eligible losses where an insured customer is unable to pay amounts owed, subject to the policy terms and approved credit limits.
Support credit management
The program provides a structured approach to managing insured customer credit exposure and the requirements that apply under the arrangement.
Help from RMA Insurance Brokers
RMA Insurance Brokers coordinates the Member program and supports participating Members with the requirements that apply under the arrangement.
Member resource
Check an approved buyer
Participating Members can search the current approved buyers list before extending credit. Search by company name, ABN or ACN and confirm the applicable buyer approval and credit limit before proceeding.
Member program
Interested in joining the Debtors Insurance program?
If your business would like to participate in the Debtors Insurance program, contact RMA Insurance Brokers. We can explain how the arrangement works, the information required and the next steps for your business.
Related Member insurance
Other specialist insurance for Members to consider
- Livestock in Transit InsuranceDedicated Member cover for eligible livestock movements between properties, saleyards, buyers and vendors.View page about Livestock in Transit Insurance
- Stud Stock InsuranceCover for higher-value breeding livestock sold through auction or private sale, with Member-specific underwriting options available.View page about Stud Stock Insurance
RMA Insurance Brokers is an insurance broker, not an insurer. Information published here is general in nature and does not take into account your individual objectives, financial situation or needs. Cover is subject to the terms, conditions, limits and exclusions of the relevant policy, and to insurer acceptance. Review the relevant policy documentation before making a decision.