Bad debt protection is often the first benefit that comes to mind when finance professionals think about accounts receivable (A/R) insurance coverage.
Yes, that’s because of the word “insurance,” but it’s also because of how common payment delays and defaults are in B2B. In fact, in Euler Hermes’ Risky Business survey, 61% of CFOs and their direct reports said non-payments had increased year-over-year.
Simply put, accounts receivable insurance – also known as trade credit insurance or bad debt insurance – helps ensure you get paid for what you sell.
