There are so many reasons why a customer or client doesn’t pay you. Some may be in dispute with you and refuse to pay. Some might have problems with cash flow and are unable to pay. And sometimes unforeseen circumstances – whether political or economic – can cause a whole group of your clients to default on the money they owe you. Accounts receivable are usually a large part of your assets and your main source of cash. When customers default the effect on your business can be catastrophic to the wellbeing of your company and its balance sheet.
Even though many companies make sure key productive assets are not exposed in their entirety to a variety of risks, accounts receivable often represent the largest unprotected asset class on the balance sheet. Trade Credit Insurance from Axis Insurance Managers means you’ll be protected even if your customers default.
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