Although most companies’ largest assets are their accounts receivables, few bother to protect themselves against the risk of customer default or insolvency. Yet for many companies, if just one major customer was to default or go bankrupt, it could spell their own doom.
The risk of a serious or even ruinous default by a customer is more likely than theft, fire or flood.
Despite this very real peril, only about 1 in 10 American companies buys credit insurance, compared with more than 50 percent of European companies. For American Businesses, the benefits of credit insurance are impressive.
Call our Commercial Insurance professionals today to learn more.