Many creditor companies run into a delicate situation when one or more of their clients, which represent a large part of their profits, become insolvent and, in many cases, file for judicial recovery. What can be done to guarantee the financial strength of the company without running risks?
Credit Insurance was introduced to cover the risk of extending credit to customers. Therefore, in the event of default by a customer, the insurer will endeavor to collect the respective amount for up to 150 days, and if unsuccessful, it will indemnify the insured for 90% of the invoice value.