Credit Insurance protects against the direct financial loss resulting from the insolvency or non-payment from a customer/buyer for commercial trading terms up to 360 days.
Standard policies cover the following events:
Insolvency of a buyer;
Protracted default (the non-payment of an account…
International presence exposes your company to heightened financial and political risk. Bombarded with news of political instability and global crises, expansion opportunities in the rapidly developing global economy appear fraught with irrational and unpredictable risks.
Key political risks…
Managing client insolvency in a foreign jurisdiction, a political risk event or buyer non payment significantly strains internal resources. Solid enterprise risk management requires active debt collection management and trouble-shooting.
Millennium’s partnership with Coface Collections…
Insuring financial assets extends beyond the conventionally insured items such as: property, plant, equipment, and inventory. Accounts receivable represents a major balance sheet asset. Uninsured accounts receivable leave a company vulnerable to loss on one of their most liquid assets.