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Firms that take a lot of payment deductions can fall into this category. Share The High-RiskAccount: Ideally you do not want to extend credit to highriskaccounts. It's important to note that not all high-riskaccounts are inherently detrimental to a business.
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Purchasing Credit Insurance, however, will only reduce the risk problem if: The policy covers the financially weak, higher risk customers. Credit Insurance policies often exclude individual, highriskaccounts. Insurers want to be paid for the risk they bear. Insurers want to be paid for the risk they bear.
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Trade credit insurance has become a vital tool for businesses looking to protect themselves from the risk of non-payment by customers. This type of insurance acts as a safety net, covering unpaid invoices when clients default or face financial difficulties. Higher-risk customers or industries lead to higher premiums.
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