Every business has a plan to protect its assets, whether it’s a building, inventory, vehicle, or even key employees. We all recognize the value behind them, and should any one of them be destroyed or lost, the resulting outcome can be detrimental. But what about account receivables? Sure enough, AR is an asset, an asset that makes up about 40% of the business. But the problem is that many businesses don’t have a plan to protect the most vulnerable/important asset. It’s mind-boggling.
Thousands of businesses shut down every year from account receivable issues. Had they invested in trade credit or credit insurance, the outcome may have been different. Credit insurance is not only protection against non-payment, but there are so many other benefits that come with this program you won’t find anywhere else.
Not a single business plans to be stagnant. Every business owner wants to grow, and that means increased sales and profits. And to achieve expansion you need to have proper resources. Credit insurance can help your business excel to the next level while protecting your business from the downside.