What if one of your customers fails to repay your dues? Irrespective of the size of your business, a default payment can affect your business financially. To get protection from non-payment of debts, it is essential to buy trade credit insurance. The insurance policy becomes active if your client doesn’t pay on time or delay […]
Trade Credit Insurance
How Does Trade Credit Insurance Work?
A trade credit insurance is a robust insurance policy which has been specifically designed to secure the lifeblood of many companies— the sales ledger. Nothing is sold until the payment is received by the seller. In a situation, where credit has been extended, however, customers are unable to pay within the agreed terms and conditions. […]
Why Should Every Company Buy Trade Credit Insurance?
Bad debts could pose a serious issue for the company despite its attempt to avoid them. However, there are various ways through which the company can manage the risks associated with dangerous debt – one effective way is trade credit insurance. Irrespective of how big your company is, it is essential to buy trade credit […]
What is Trade Credit Insurance?
Trade credit insurance protects the policyholder’s business against risks which are beyond his control. It insures the manufacturers, traders and other businesses against the risk when their buyer does not pay them or pays very late. Thus, it protects the accounts receivable from loss due to credit risks such as: Insolvency: When the buyer becomes […]
5 Situations When Your Claim is Rejected Under Trade Credit Insurance
In times, when the trading environment is upbeat, various suppliers go with trade credit insurance to protect their debt. However, just having the trade credit insurance doesn’t assure you that the insurer will give you coverage. As there are certain situations when the insurer can refuse to settle your claim under trade credit insurance. Let’s […]