Credit insurance is an insurance policy and risk management product that protects your business from losses due to customer insolvency, protracted default (slow payment) and political risk events. Premium rates for credit insurance are normally low and are based on the credit risk of the buyers and not the sellers.
Additional FAQ:
What is risk management?
What is factoring?
What are the benefits of using factoring in my business?
What is credit insurance?
How does credit insurance work?
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What risks are covered?
What is political risk?
What does political risk insurance protect your business against?
What is export financing?
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