Coface North America

You extend credit to your customers every day. And, because it's a routine way of doing business, you may not be thinking about the risk you're taking What is Credit Insurance? Credit insurance ensures that your company will be paid for merchandise ...

You extend credit to your customers every day. And, because it's a routine way of doing business, you may not be thinking about the risk you're taking What is Credit Insurance? Credit insurance ensures that your company will be paid for merchandise or services delivered to your customer. Exact coverage will depend on the specific terms of the policy. In general, credit insurance covers the unpaid credit balance from sales made to your customers located in the US, Canada and throughout the world. How does credit insurance work? Each policy is tailored to the individual needs of the business, so coverage details will vary. In general, a company covers all or a majority of its business, and may choose to cover export, domestic or both types of accounts. Policyholders are eligible to file a claim when a customer is insolvent or unable to pay the outstanding balance owed.