Business Credit Insurance

Credit insurance has been around since the late 1800s. It was widely used in certain industries like textiles and apparel manufacturing. The policy typically runs for 12 months, and covers losses on goods and services shipped during the policy period. It is an insurance policy custom tailored by a financial professional to meet individual client situations. Business credit insurance is a financial tool that reduces the risk of an unexpected credit loss. Credit insurance provides numerous benefits when properly applied to a clearly defined scenario. The cost of credit insurance varies based on a number of factors.