What if one of your customers fails to repay your dues? Irrespective of the size of your business, a default payment can affect your business financially. To get protection from non-payment of debts, it is essential to buy trade credit insurance. The insurance policy becomes active if your client doesn’t pay on time or delays […]
Articles Tagged: trade credit policy
How Does Trade Credit Insurance Policy Work?
A trade credit insurance policy is a robust insurance policy which has been specifically designed to secure the lifeblood of many companies— the sales ledger. Nothing is sold until the payment is received by the seller. In a situation, where credit has been extended, however, customers are unable to pay within the agreed terms and […]