What does credit insurance insure?
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alwin
Apprentice
Joined: 24 Jan 2006
Posts: 7
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 Posted: 06/14/08 - 04:19 Post subject: |
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| I have been planning to start a business and I expect to get a pretty good profit from it. I will be mostly in trading and I seek to assure the best possible position. Now, I would like to know what does credit insurance insure. If anyone could help that would be great. |
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todd
Apprentice
Joined: 03 Sep 2006
Posts: 8
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| Posted: 07/14/08 - 00:31 Post subject: |
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| Running any kind of business is never easy, and part of it is making a sound financial plan. Now, knowing about taxes you need to pay is equally important. The difference between the two insurances can be made with respect to their purpose. Now, any company that has outstanding debts can have trade credit insurance. It protects a lender, creditor, for the cases when the party is unable to pay due to bankruptcy, or some similar cause. The amount that can be covered is previously agreed in a policy. A single payment can be covered, though not individuals. Now, there are several well-known providers - AIG in USA, and Lloyd's in the UK. Among good brokers you should look for are IRC and AON. Hope you find the info helpful. |
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