0
Companies can buy credit risk insurance at several different insurance companies around the world. This type of insurance protects the business' accounts receivable. The insurance guarantees against excessive bad debt losses.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Hard to insure homeowner's insurance?
Hard to insure homeowners insurance could mean that you have poor credit or represent high risk to a homeowners insurance company.
Is a car insurance quote credit checked?
Some Insurance Companies Credit Score and some do not. Its really just a matter of the insurance company choice in underwriting and risk assessment procedures.
How much life insuranc e can you buy with a bankruptcy?
In underwriting an application for life insurance, the insurance company considers various risk factors. Your health condition is an obvious one, but so is your age. In addition, they also look at non-health-related risks, such as your occupation and even your hobbies.But credit can represent a risk as well. In addition to the fact that poor credit can be an indication of other risk factors, it also represents a financial risk. The insurance company has to consider that bad credit - which a bankruptcy represents - could cast doubt on your ability to pay the premiums.
Can you tell me what the insurance factory is?
Insurance factory specializes in offering clients insurance if they are considered to be high risk. As with a finance company that offers clients who have bad credit a loan or credit card, insurance factories do this regarding insurance. www.insurancefactory.co.uk/quote.php
What is a non-standard auto insurance policy?
A non-standard auto insurance carrier is an insurance company that insures higher risk drivers - such as drivers with multiple tickets or accidents and/or poor credit.
Why is insurance needed for a business?
to transfer risk from the owner to the insurance company
Can bankruptcy prevent you getting homeowners insurance?
Maybe. Many factors are considered by insurance company underwriters in determining whether or not to accept a risk and the price (premium) to be charged. Many insurers do utilize credit reports to help assess and price a risk.//
What makes insurance company re insure?
All insurance companies have re-insurers, to protect their assets and investments. Insurance means spreading the risk to an insurance company, so insurance companies do the same thing - spread their risk to the reinsurers.
Guilty of reckless driving do you need high risk insurance in Virginia?
What exactly is "high risk" insurance? Reckless driving is considered a serious violation by most companies. Every company has their own underwriting guidelines. Some companies specialize in customers who have multiple tickets and or serious violations but they will also take on drivers who don't have tickets or accidents on their record. You might try to find a company that puts more emphasis on your "insurance score" which is credit based rather than driving record. Of course if you have bad credit and tickets you could be in trouble.
Is insurance a liability?
No, Insurance is a means of contractually transferring risk including the risk of liability to another entity, namely the Insurance Company issuing the policy.
What are some high risk auto insurance companies in New Jersey?
If one is looking for high risk auto insurance companies in New Jersey, one could try the New Jersey Manufacturers Insurance Company. The IFA Auto Insurance is also worth a look.
How can risk of a company be prevented?
How can a risk of a company be prevented is by taking an insurance policy. Now, What is insurance? Insurance is the agreement between two partners to undergo a certain agreement in case of any unfortunate circumstances. The first partner is called the insurance company(insurer) while the partner is called insured, which is the person taking the policy. For a company to be prevented from risks it will has to take an insurance policy; for this risk occurring the insurance company will has to pay a certain sum of amount (called premium) to the company in other to cover half or almost the risk. So, with this, the company will be prevented from risks of any nature.
