What is Credit Insurance?

Trade Credit Insurance, or simply credit insurance, provides vital protection to businesses against the impact of bad debt, caused by the failure of their customer to pay for goods or services sold on credit. Domestic and Export sales can both be covered and, where necessary, Political Risk cover can also be included.

As well as vital protection against the potentially catastrophic effects of bad debt, credit insurance also provides many other benefits.

 

Benefits of Credit Insurance

Increased market intelligence on your customers

Supports positive business growth

Ability to target new quality customers

Greatly reduces bad debt reserve requirement

Greater access to finance facilities

Fast replacement of working capital

Enhances credit management procedures

Integrated debt collection service

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