Have your Trade Credit Insurance before it’s too late: By Anthony Bechara
Have your Trade Credit Insurance before it’s too late: What is the best thing that companies are good at in our MENA region? “Nagging” (This client defaulted his payment, this client went bankrupt, I can’t export my goods because too many financial guarantees required, etc). I just can’t understand why companies keep nagging of their receivables balance having additional zeros every month, while the solution is just a phone call away: “Trade Credit Insurance”!!! In simple definition, Trade Credit Insurance = Accounts Receivable Insurance is a policy that protects the company’s assets against their own customers’ failure to pay their debts for whichever is the reason (subject not excluded in the policy).