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Choosing the Appropriate Credit Insurance Company for your Personal or Business Insurance Needs
By admin | January 27, 2012
Credit Insurance Companies offer credit insurance or known as business credit insurance. This is an insurance product that shields businesses against a bad debt. Once a business owns an accounts receivable insurance policy, and one or more of its customers are covered with the agreement defaults, the insurance policy will pay for a customer’s default.
In most cases, the credit insurance premiums are charged to the policy holder monthly and are calculated as a percentage of all outstanding receivables or percentage of sales. One of the beneficial features of credit insurance is the fact that the insurance policies can be customized according to your business’ unique needs, and you could even select the customers that you wish to insure.
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