WHAT ARE CREDIT PROTECTION SOLUTIONS?
As a result of these economic times, companies are finding themselves confronted with previously unforeseen risks and exposures.
Though accounts receivable are one of the most significant assets an organization possesses, they are often left unprotected or hedged. This can result in substantial losses for the companies in question when large debtors file for bankruptcy, or simply fail to pay according to schedule. Credit protection solutions, such as Credit Insurance, are products that enable organizations to protect themselves in the event that their customers default, file bankruptcy, or simply do not pay. Considering the size of this exposure, most organizations are now moving to insure their accounts receivable against potential loss.
FGI Risk Services is a full-service account receivable risk management company comprised of a team of over fifty (50) experienced professionals. We provide organizations with the right combination and management of risk mitigation solutions to properly address your account receivable risk exposures.