What is Credit Insurance?

 

Credit Insurance protects one of your major assets - Your Debtors
 
1. It protects your company against Bad Debts
2. Should a debtor become insolvent, the insurance company will pay your claim within 30 days of the “Confirmation of Debt” thereby preserving your cash flow
3. It is a valuable management tool that supports your Company’s own credit policy
4. Credit Insurance is not just an Insurance Policy; it is a means of alerting you to potential problems with your debtor
5. A bad debt may cause your own insolvency