Credit Insurance Companies

Overall, credit insurance described both trade credit insurance and credit life insurance. In terms of credit life insurance, it is a consumer purchase, often sold with large purchases like a car or house. The insurance will pay off the loan balance in the event of the death or disability of the borrower, and depending on the type of insurance policy, it may also cover job loss if it was at no fault of the borrower. This type of insurance is not only beneficial to the company financing the purchase who is able to satisfy a debt, but it is also a benefit to the borrower who can rest assured that their debt is being paid off. Trade credit insurance, otherwise known as business credit insurance, is a policy and risk management product covering the payment risks resulting from the delivery of goods or services. This branch of credit insurance usually covers a portfolio of buyers and pays an agrees percentage of an invoice or receivable that remains unpaid as a result of protracted default, insolvency or bankruptcy.
Offering both business and personal insurance, Chubb Insurance company offers an extensive product offering to company and individual consumers alike. Chubb covers homeowners with policies which provide a high level of protection and service, to assist in home restoration in the event of misfortune. For individuals, Chubb also covers automobiles, yachts and other valuable articles. On the business insurance side, Chubb offers solutions to help companies manage a wide range of risks and exposures met with in today’s business environment. The insurance company offers professional and management liability, property and casualty, industry solutions, and loss control solutions in order to meet a wide range of specific business company needs. Chubb is a premier provider of executive protection insurance, thanks to their customer-first claims approach, financial strength and local presence.

Filed under: Uncategorized on January 31st, 2012