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Trade Risk Group is always striving to learn what is most important about current economic and financial conditions, and looks to consolidate the most useful information and provide it for the benefit of credit and risk management professionals.Why Companies Should Consider Trade Credit Insurance
Most businesses that offer goods or services carry inventory debt. These debts are typically in the form of loans or lines of credit with their suppliers. When customers fail to pay their bills, that could put a financial strain on the supplier/lender. One way for...
Trade Credit Insurance Coverage Overview
When businesses fail to pay a commercial debt, there is a fallback called credit insurance coverage that is designed to protect the business. Credit insurance coverage ensures that invoices are paid. It helps companies better manage certain risks of trade that may be...
Trade Credit Insurance
If your company wants to take control over your cash flow and overall finance, you should consider the benefits of trade credit insurance. This will help minimize negative financial impacts to your company, such as lowering the risks of bad debt and keeping unpaid...
Factors Affecting the Cost of Trade Credit Insurance Policies
Trading history, customer ratings, credit conditions, loss history, company industry, and customer geography are factors that your insurer will consider when determining risk. Other criteria will be considered, such as the requirement for non-cancellable credit...
Credit Risk Insurance: How Does It Work?
Risk is an everyday occurrence for businesses and corporations. In some cases, these businesses end up winning, and in others these risks may result in significant financial loss. Fortunately, businesses can reduce risk, minimize financial loss, and maintain business...
Accounts Receivable Insurance – What is it?
You may hear the term A/R insurance regarding accounts receivable insurance. It is the same concept and the terms used vary by business. Such coverage means the company is protected against losses financially if those they extended credit to fail to pay what they owe....