What is Trade Credit Insurance?
Trade Credit Insurance protects your company against the failure of your customer to pay the trade credit debts owed to you. This could be because your customer has become insolvent and is unable to meet their obligations. Or, it may simply be because they have failed to pay within the agreed terms and conditions of your contract.
Taking out trade credit insurance protects your short-term account receivables against both commercial and political risks, improving the quality of your bottom line.