Credit insurance protects your company from non-payment of commercial debt.
The Goal of the credit insurance
Credit insurance protects companies against two risks if a buyer cannot pay : commercial risk and politics risk.
A credit insurance policy may also cover losses caused by war or civil unrest in the country of your customer or between two or more countries; cancellation or non-renewal of export or import licenses; currency risk etc.
Why subscribe to credit insurance
If the manager does not have sufficient information to evaluate the resolting risk which is particularly true in specific or internationally markets.
The unprepared face trade practices, breach of his client, political and economic situation, the lack of human resources, risk analysis, technical advice are that the customer risk is too often underestimated !
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