When moving into a large deductible program, your business will need collateral to show you’ll be able to pay for losses if incurred. Collateral is generally proven through a Letter of Credit from an approved bank. This calculator will help you determine how much collateral you’ll need during a 3-year time period.
Simply complete the forms in Steps 1 and 2 below and hit calculate. A window will display your results instantly, and a copy will be emailed to you for your reference.