We have prepared an article for the September issue of Forbes magazine on receivables insurance, which covers the risk of payment default of the customer, including insolvency. This insurance includes elements of full credit management - creditworthiness assessment and subsequent monitoring of the customer, collection of the receivable and, in the final stage, subsequent payment from the insurance company.
If this is to work, expert assistance is required
The product itself is very sophisticated and requires expert set-up, including administration. At RESPECT, Inc., we have a dedicated team with deep experience of the entire process from underwriting, administration and claims handling. We offer strong know-how in excess contract clauses, support in achieving the best limits on your subscribers, and of course, training and development of product manuals.
For more information, please contact us and you can read the article from the September issue of Forbes magazine attached.