Credit insurance


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Credit insurance

Insurance against abnormal losses due to unpaid accounts receivable.

Credit Insurance

An insurance policy protecting a company in the event that it does not collect an unusually large amount of its accounts receivable. A company's accounts receivable represent what it is owed on its credit sales. Every company that makes credit sales takes the risk that its customers will not or cannot pay what they owe. Credit insurance is one way to reduce this risk. See also: Factoring.
References in periodicals archive ?
Consumers often purchased the credit insurance without asking for it and without understanding its terms or cost, Cooper said.
We started helping small exporters obtain financing by re-introducing credit insurance as a tool to enhance the acceptability of their receivables," he recalls.
Trade credit insurance is the newest addition to the family of products that Chubb's Multinational Resource Group offers to companies doing business overseas.
agreed Wednesday with the Allianz Group of Germany to set up a credit insurance company in Japan by the end of this year, Marubeni officials said.
TC Memo 1997-499, that commissions paid by automobile dealerships to employees for selling credit insurance were currently deductible under Sec.
a nationwide retailer with numerous Southland stores, agreed Tuesday to pay $10 million in restitution and fines for duping customers into buying credit insurance.
companies now resort to credit insurance to protect against unexpected major customer insolvencies (domestic and international) that can take even the best credit department by surprise.
com) announced a 263% growth, as compared to Q1 of 2010, in its trade credit insurance brokerage business for the first quarter of 2011, adding over 53 customers globally.
The members of the International Credit Insurance & Surety Association (ICISA) re-elected Andreas Tesch, Chief Market Officer of Atradius N.
Integro, Global insurance brokerage and risk management company on November 4, 2014 announced its expansion into Credit Insurance to help clients in managing international receivables and political risks in uncertain economic times.
Dubai: Slow trade and growth in the global economy is likely to drive companies operating in the UAE towards trade credit insurance in an effort to boost trade, Ludovic Subran, Chief Economist at global credit insurance company Euler Hermes, said.
While half of all European companies use credit insurance, only one in 10 American companies do.