Score of 96.2/100 qualifies for PaymentCheck Certification
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 14 | 94% | 4% | 2% | 6% |
| 01 Jul 2024 - 31 Jul 2024 | 28 Jan 2025 | 16 | 94% | 4% | 2% | 6% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 14 | 93% | 6% | 1% | 7% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 13 | 94% | 5% | 1% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Jul 2023 | 13 | 93% | 6% | 1% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 15 | 91% | 7% | 2% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 20 | 87% | 8% | 5% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 16 | 91% | 7% | 2% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 18 | 88% | 8% | 4% | 12% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 89% | 8% | 3% | 11% |
| 01 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | 26 | 78% | 19% | 3% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | 23 | 67% | 20% | 12% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 10 Jul 2019 | 23 | 89% | 8% | 3% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Hiscox standard payment terms are 30 days from receipt of the invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
Disputes notified to the Accounts Payable team at AccountsPayable@Hiscox.com are prioritised and investigated within 14 working days. When a dispute is received, the vendor is contacted, and the relevant invoices and amounts are reconciled by reviewing updated statements of account vs invoices received and processed in our system any discrepancies are analysed with the corresponding internal contact and resolved with the vendor. Where relevant, disputes can be escalated or notified to the Group Financial Controller. A record of all disputes and their resolution are maintained for future reference. No disputes for H1 2025.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
HISCOX SYNDICATES LIMITED is a leading specialist insurer based in London, United Kingdom. The company is a part of the Hiscox Group, which has been in the insurance business for over a hundred years. With a strong focus on sustainability, Hiscox Syndicates Limited offers a range of products and services to its clients.
The company's sustainability program is built on the pillars of responsible underwriting, responsible claims management, and responsible investment. It is committed to reducing its environmental impact and promoting sustainability through its operations. This includes measures such as reducing paper usage, promoting recycling, and using renewable energy sources.
Hiscox Syndicates Limited offers a wide range of insurance products and services, including property, casualty, marine, and specialty insurance. The company also offers risk management services to help clients identify and mitigate potential risks. Its clients range from individuals and small businesses to large corporations.
The key people at Hiscox Syndicates Limited include Bronek Masojada, the Group CEO, and Robert Childs, the Chairman of Hiscox Syndicates Limited. They lead a team of experienced professionals who are dedicated to providing high-quality insurance solutions to their clients.
To learn more about the company and its services, interested individuals can visit the company's official website at www.hiscoxgroup.com. The registered office address for Hiscox Syndicates Limited is 1 Great St Helen's, London, EC3A 6HX, United Kingdom. Customers can also contact the company through its customer service number, +44 (0)20 7448 6000. Overall, HISCOX SYNDICATES LIMITED is a reputable and sustainable insurer that strives to provide the best insurance solutions to its clients.
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