Trade Credit Insurance
If you’re a business that sells goods and services on credit terms, a substantial percentage of your working capital is probably tied up as account receivable.
With Trade Credit insurance, you can protect your accounts receivable from losses due to credit risks such as insolvency or protracted default.
Trade Credit insurance, business credit insurance, export credit insurance, or credit insurance is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy. This insurance product is a type of property & casualty insurance, and should not be confused with such products as credit life or credit disability insurance, which individuals obtain to protect against the risk of loss of income needed to pay debts. Trade Credit Insurance can include a component of political risk insurance which is offered by the same insurers to insure the risk of non-payment by foreign buyers due to currency issues, political unrest, expropriation etc.
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