What is Credit Insurance Or Bad Debt Protection?
Credit Insurance also known as bad debt protection provides your business with:
- Protection Against Non Payment by customers due to insolvency or protracted default.
How Does Credit Insurance Work?
Credit Insurance, works as follows:
- When taking invoice finance credit insurance is a facility that can be taken.
- It then becomes the invoice finance companies responsibility to credit check your customers and agree credit limits
- If you trade within the credit limits all invoices are paid.
- If an invoice isn’t paid the invoice finance company provide full cover to your business and you get paid.