Definition: Credit Insurance - Compare Insurance in the UAE
Definition: Credit Insurance - Compare Insurance in the UAE
Obtaining a credit insurance policy is one of the essential things you should plan if you have a business or planning to establish one. So, let’s begin by explaining what credit insurance is.
Credit Insurance is a type of insurance policy purchased by a borrower that pays off one or more existing loans debts. The policy covers:
Non-payment or lateness in paying commercial debts.
Commercial Loses.
Reducing credit costs obtained from commercial financing facilities and executed from commercial banks.
Supporting multinational companies in managing credit risk.
Bankruptcy risks and changes in economic and political conditions that may adversely affect the borrower.
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Getting a credit insurance policy and protection against the previous risks is a catalyst in developing and increasing company's sales and entering new business markets.
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Credit insurance policy is your company’s shield against market risks.
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