Unlike a whole turnover policy, major buyer cover allows you to insure your business against a named customer failing to pay. As a rule, this type of cover allows you to name up to 10 key customers, which are likely to be the customers who would cause the most impact through non-payment.

Also known as a key accounts or named buyer policy, this type of credit insurance is also useful for covering customers with a poor credit rating or who might be likely to go bust, which could leave your own business vulnerable. You can select the limit level, but you remain completely responsible for all customers not named on the policy.