Spot the uninsured.
Predictions of a worldwide slowdown in economic expansion could see many sectors experiencing a rise in bad debts. Edmund Tirbutt says that despite the soft market and range of cover, too many businesses are not taking out credit insurance.
The need for credit insurance to safeguard against debtors becominginsolvent seems obvious enough. If a company has no hesitation in insuring
fixed assets and stock, then logically it should not have to think twice
about covering its debtor ledger - which may account for as much as 40% of
its overall assets. Nevertheless, this form of insurance is by no means
viewed as a necessity. The latest Association of British Insurers (ABI)
research into market penetration is somewhat out of date but the
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