Credit Insurance

Credit Insurance is a commercial insurance designed to protect any business selling goods or services to their business customers on credit terms. Credit insurance covers the risk of non-payment by a business customer as a result of insolvency or protracted default. Insolvency is viewed as the formal failure of the business customer and protracted default covers the situation where the business customer admits liability for payment but does not pay within an agreed credit period after the original due date.

BENEFITS OF CREDIT INSURANCE

• Sales Expansion
• Better Financing terms
• Bad debts reduction
• Actionable economic knowledge
• Embeds credit management discipline