TRADE CREDIT INSURANCE
We in the business constantly face one threat if any of our customers get insolvent or if any of our customers stop payment for a long or deny payment altogether... This is normal in any business we have to go through this situation. In all the above-said conditions, we have one issue common that our precious working capital gets struck. We do meet the customer and do the follow-up regularly either by mail, phone or letter. We do all these, but in the whole process we lose time and money, situation sometimes becomes so scary that we lose our future order or present work gets stuck due to the nonavailability of working capital. Here we can choose one Insurance product called "TRADE CREDIT INSURANCE". It is also the same insurance product in which we take it for the unforeseen eventuality. Here only difference is peace of mind as we have due to insurance now how it works. We do an invoice as per our regular practiceanythinghing happens due to the above-said reason. We have to ...