Trade Credit Insurance Coverage For Accounts Receivable Debts
In 2008, there was a 40% increase in business failures over the year before, and the number is expected to rise as high as 50% in 2009, according to the Euler Hermes Global Index of Business Failures. Needless to say, surviving in these economic times is a challenge for many businesses. Many are looking for alternatives to protect revenue streams and to mitigate the risks associated with entering new markets and/or bringing on new customers, particularly overseas. Trade Credit Insurance is a tool that can protect your accounts receivable while providing support for business expansion. It provides potential benefits for companies that are faced with working capital constraints, and protects companies with high concentrations of customer risk.