Credit Insurance: A Tool to Prevent Loss Due to Bad Debt.

banner-imgesIn an effort to manage risk of loss due to bad debt, some businesses secure credit insurance. The policies are designed to insure receivables against loss. In the event of non-payment, a claim is made to the insurer in accordance with the terms of the policy. The insurer will attempt collection of the debt. If collection is not possible, the account is forwarded to a collection attorney. This firm has successfully represented insured (policy holders) in New York debt collection claims for over thirty (30) years. Continue reading “Credit Insurance: A Tool to Prevent Loss Due to Bad Debt.”

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