Deductible

Deductible amount that companies must pay in the event of breakdowns

The deductible is the percentage that a company must pay themselves in the event of a breakdown, in other words which is not covered by the risk insurance. This deductive is generally between five and 15 percent, depending on the business and the risk. The federal government recently reduced the remaining deductible payable by exporters for business with public customers in certain countries in Africa from ten to five percent.