If the customer to whom goods are supplied on credit fails to discharge their debt, many businesses may end up in bankruptcy. The ideal solution for such an eventuality is to go for credit insurance whereby the insurance company undertakes to pay the creditor the amount of the outstanding debt in case of the failure of the debtor to repay the debts.
Scope of Cover
Credit insurance provides you with security against the risk of non-payment by your customers when trading domestically and internationally.
