Credit Account

Topics:
Insurance
Tags:
Business Operations,
Corporate Insurance,
Debtor,
Finance,
Financial Planning,
Insurance,
VNU
Source:
VNU

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Overview: Credit insurance is designed to protect businesses against non-payment by a debtor. The policies help out when a customer pays late or goes insolvent. Insurance normally covers 90 to 95 per cent of the insured debts, and businesses can choose to insure invoices, specific customers or their whole book of debtors. Like most credit insurance firms Atradius offers a range of options for insurance and has a debt collection service for firms seeking only to minimise the damage of bad debts when they occur. "My advice to resellers is to think again about insurance and at the very least take a debt collection service," Evans adds.

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Format: HTML | Date: Oct 2004 | Pages: 9

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