Credit insurance provides companies with cover for trade debts in the event of debtors being unable to pay through insolvency or default. Providing goods or services on credit terms inevitably incurs some degree of credit risk - credit insurance provides a solution to managing that risk.
There are other benefits to credit insurance which may be more important.
There is more to credit insurance than simple "risk transfer" - it is probably the only insurance product that can generate a profit without your client ever needing to make a claim.
September worst month yet for UK Businesses
The number of distressed UK businesses has more than doubled since the start of the year, according to Begbies Traynor, the UK's leading business rescue, recovery and restructuring specialist.
* More than twice as many companies experiencing 'critical problems' since the start of 2008
* UK business feeling effects of ongoing economic turmoil
* IT, manufacturi....
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