CREDIT
AND BOND INSURANCE
Your Expert: Matthias Meinke, Phone: +49 (0)40/369723-0, E-Mail: info@ats-brokers.de
|
Credit insurance cancels out financial losses that an enterprise incurs when providing vendors with credit that the latter fail to pay. In most cases the cause is the client’s insolvency. The bad debt losses are reimbursed after a deductible has been met, so that a possible negative effect on the liquidity and tolerance of the enterprise can, to a large degree, be avoided. Credit insurance compensates the incalculable risk to an enterprise stemming from possible bad debt losses with a calculable premium.
|
