"Companies should insure credit as there are various benefits of doing so
such as protection from losses and growth of the organization. Companies could also
acquire market knowledge and credit insurance support."
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Why companies should insure their credit
1. THE BENEFITS OF INSURING
A COMPANY’S CREDIT
Companies should consider insuring their receivables as they are the most at-risk current asset of
any organization. Not having credit insurance may lead to debt and poor working capital. Here are a
few benefits of insuring a company’s Credit.
http://www.coface.se/
2. PROTECTION FROM
MAJOR LOSS
A company’s receivable is one of the most at-risk assets
which have the potential to lead towards bad debt losses.
And having credit insurance gives them a safety net
against bad debt losses.
3. GAIN CREDIT
INFORMATION
SUPPORT
Organizations gain major market knowledge with the
help of the insurance company’s database that helps
them learn about the market trends and avoid credit
losses before they happen.
4. GROWTH OF THE ORGANIZATION
Credit insurance provides an incentive to go ahead and use the working capital for the
growth of the company without worrying about the risks.
http://www.coface.se/Vaart-erbjudande/Kreditfoersaekring/Coface-globala-kreditfoersaekring