Industry ranking
Score of 88.95/100 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 17 | 87% | 8% | 5% | 29% |
| 01 Jan 2025 - 30 Jun 2025 | 31 Jul 2025 | 16 | 90% | 6% | 4% | 25% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 14 | 91% | 7% | 2% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 31 Jul 2024 | 19 | 84% | 11% | 5% | 35% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 21 | 81% | 14% | 5% | 19% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 22 | 80% | 13% | 7% | 22% |
| 01 Jul 2022 - 31 Dec 2022 | 29 Jan 2023 | 21 | 83% | 12% | 5% | 21% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 26 | 77% | 16% | 7% | 10% |
| 01 Jul 2020 - 31 Dec 2020 | 20 Jan 2021 | 28 | 76% | 15% | 9% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 28 | 75% | 16% | 9% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 26 | 77% | 15% | 8% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 29 | 78% | 12% | 10% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 31 | 76% | 14% | 10% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 81% | 11% | 7% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
These payment terms are not published on our website. Our payment terms are generally 30 days from invoice tax point based on the timely submission of satisfactory invoices. Payment terms are negotiated according to the context of the services / software or goods being purchased based on risk, discount and / or commercial factors. The payment terms are reviewed as part of the overall contract review and will form part of the negotiation process with input from the business stakeholders as well as legal and commercial. Some of our suppliers will submit invoices on their own payment terms which may differ from ours. Where a supplier's payment terms are less than our standard net 30 days, we use our best endeavours to pay such invoices according to that supplier's terms.
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
120
Beazley’s Commercial Management team deals with disputes about payments by working with the Contract Owner of the commodity who is responsible to resolve the complaint. Generally, the standard terms and conditions for each supplier agreement outlines dispute resolution provisions which dictate the manner and timeline in which a complaint needs to be resolved. Commercial Management maintains the log of complaints and all are reported by them in its annual update to the Operations Committee.
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Beazley Management Limited is registered under SIC codes for non-life insurance and non-life reinsurance, and forms part of the Beazley group, an insurer operating internationally across areas such as cyber, energy and broader specialty risk lines. The registered entity is based in London and appears to perform a management or operating role within the wider Beazley group rather than being a distinct trading brand itself. Beazley's group-level activities include underwriting through brokers, claims handling, and products for both corporate and individual customers across regions including the UK, USA, Asia Pacific, Canada and Europe. Specific standalone activities, turnover or services performed solely by this registered company are not detailed in the available evidence.
Generated from the company's website and Companies House records. Sources: beazley.com · beazley.com