Insurance against inability to collect money owing, following the destruction of books by an insured peril. Cover includes the cost of reproducing records and tracing debtors. Bad debts, being a credit risk, are not covered. The sum insured is the estimated maximum debt outstanding at any one-time subject to average and the premium is adjustable at the end of year. As book debts relate to preinterruption transactions they are not covered under business interruption insurance.
***
Insurance against loss through inability to collect debts due because accounting records have been destroyed.

A pension scheme under which the employer is responsible for the payment of the benefits that are financed by a provision in the employer’s accounts.