All You Want To Know About Credit Insurance
There are two main types of Credits for which a business seeks guarantee or insurance: 1. Domestic Trade Credit, and 2. Export Credit. Generally the term Credit Insurance refers to Domestic Trade Credit Insurance.
In a business, extending credit to a customer always involves a certain amount of risk. In case, for any reason, the customer defaults on payments, it can have serious consequences on the business of the supplier. (more…)