Credit Insurance
Whats is it?
Credit insurance can be a financial lifesaver in the event of certain catastrophes.
With trade customers holding the potential to both make and break a business, financial protection is top of the agenda for most business owners – and this is precisely the role of credit insurance.
Specifics
Transferring risk away from the business and over to an insurer, credit insurance protects the policyholder in the event of a customer becoming insolvent or failing to pay its trade credit debts.
The insurers can actually help to reduce the risk of financial loss through credit management support.
Can i get it?
Available to credit card customers
Can add on;
- Credit insurers have huge databases of information, which they can use to quickly, identify your eligibility, set credit limits (i.e. the maximum amounts that can be owed to a policyholder), and more
