Credit
Insurance©
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Basic Course -- 2 Credit Hours |
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Overview: |
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Trade Credit Insurance is
Business-to-Business accounts receivable coverage, protecting businesses
against the risk of loss arising from their customers' failure to pay
amounts due. Trade Credit helps assure that the policyholder will be paid
for services or products sold to their customers.
This coverage is for companies that sell domestically and/or export. It is
a specialty line of business that covers one a company’s most important
assets, their accounts receivables. |
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Target Audience: |
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Insurance Agents, Insurance Brokers,
Insurance Associations, Business Associations, Underwriters, Claims
Personnel, Loss Control Personnel, and Students studying Insurance. |
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Scope of Course: |
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Discuss the scope of coverage |
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Understand the triggers of
coverage |
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Determine the effect of
protection on the policyholder’s balance sheet |
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Differentiate clearly Accounts Receivable
records coverage from Accounts Receivable Trade Credit Coverage |
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Metrics:
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Identify the clients exposures |
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Understand how Credit
Insurance provides indemnity for unusual credit losses |
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Explain how Credit Insurance
improves the financial standing of his policyholder |
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Outline how the business is better able to
protect an asset just as important as their plant, equipment, stock, etc |
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Goals:
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Help industry professionals
understand an increasingly important specialty line of business |
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Provide industry professionals
with basic understanding of Trade Credit insurance |
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Help differentiate between
‘Accounts Receivable’ [Records] coverage under the property and/or
package policy and ‘Accounts Receivable’ [Trade Credit] coverage |
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