Two Kinds of Insurance Manufacturers
Often Overlook or Skimp On
By Marjorie Young
Credit insurance. If a major customer that owes you a lot of money goes and doesn’t pay for one reason or another, it could be a financial catastrophe that may threaten your company’s economic stability. There’s probably greater risk of this today because manufacturers often sell to companies worldwide. It’s difficult enough to collect from an insolvent domestic client, and may be even tougher to get a foreign customer to pay up. While you’re waiting for the wheels of the legal system to turn, you’re not getting any cash.
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