Renewal cost-of-delay calculator
Enter the contract, the sector and how long the lapse blocks work. See the pound figure a single expired policy actually costs, split into lost margin, contractual penalty and internal chase time.
Who this is for and what it solves
- Finance and ops leads justifying investment in proper renewal tracking
- Compliance leads translating 'we should really automate this' into a number a CFO understands
- Founders and directors who have been bitten once and want to size the risk
Everyone knows an expired certificate is bad. Turning that into a number that a finance director will act on is harder. This calculator gives you a defensible order-of-magnitude estimate in seconds, split into the three costs that actually land.
The financial hit is contained. Client credit is the bigger risk here.
- Lost margin (stopped works)
- £794
- Contractual penalty
- £2.5k
- Internal chase cost
- £260
How it works
- Step 1Describe the contract
Value, length, sector and any liquidated damages clause.
- Step 2Add the lapse and chase
How many working days are lost and how many hours your team spends chasing the renewal.
- Step 3See the exposure and the band
Lost margin, penalty and chase cost totalled, with a low/meaningful/high exposure band.
Questions and answers
Knowing the cost is not the same as avoiding it.
A number on a page focuses the mind. It does not stop the next certificate lapsing quietly the week before a site start.
Credbase reads each policy's expiry, chases the renewal on a fixed cadence and blocks packs from going out with expired cover behind them.
This tool is a plain-English guide for teams handling third-party paperwork. It is not legal, insurance or compliance advice. Confirm specifics with the counterparty or your own adviser before you rely on any output.
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Related reading
- Featured guideCertificate of insurance (COI) tracking: the complete guide
How modern teams collect, verify and monitor certificates of insurance from suppliers and subcontractors, without spreadsheets or missed renewals.
- ExplainerWhat is a certificate of insurance (COI)?
A plain-English explainer of certificates of insurance, what they are, what to check and how to store them so you never miss a renewal.
- ReferenceBusiness insurance types explained: a reference
A quick reference to the insurance types that show up on supplier and subcontractor certificates, what each covers and when to require it.