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This two-minute video from Atradius explains what credit insurance is and demonstrates the relationship between the supplier, buyer and the credit insurer.

Credit insurance is an invaluable aid to successful national and international business-to-business trade.   It covers the risk of financial loss that can occur when trade credit is offered by a business to its corporate customers –  thus providing a set period of credit after provision of products or services before payment is due.  In these circumstances, there is always a risk of non-payment, either because the customer may be unable or unwilling to pay, or because an unforeseen event prevents successful completion of the sales: for instance, a shortage of the currency of the contract in the customer’s country, or government intervention, or a natural disaster.