As global economic uncertainty persists — driven by the current U.S.-Israeli conflict with Iran and broader political, economic, and trade tensions — business concerns about nonpayment and customer insolvency are growing. Elevated interest rates and volatile financial conditions are causing a rise in bankruptcies, and prompting businesses to consider purchasing trade credit insurance.
Long viewed as a discretionary, often misunderstood, and sometimes expensive risk management tool, trade credit insurance can serve as a practical safeguard for protecting balance sheets and cash flow. Here’s how businesses can use it to their advantage.
Bankruptcy rates fueling trade credit insurance interest
Economic pressures have been building…