By Charlotte GAUCHON
16 April 2025
The business world is built on trust. However, this trust is sometimes misplaced. Credit insurance offers companies a means of protecting themselves against the insolvency of their customers. It remains a little-known tool for the general public, but it is a strategic element for many businesses. Definition and usefulness of credit insurance Credit insurance can be defined as «an insurance system that enables creditors, in return for the payment of a premium, to cover themselves against non-payment of debts owed by persons previously identified and in default of payment» (J. Bastin, L'assurance-crédit dans le monde contemporain). This insurance responds to an essential need: to prevent a company from finding itself in difficulty because of major non-payments. Payment terms are a high-risk period. Between delivery and payment, a number of events can occur that could jeopardise payment. The dual nature of credit insurance Article R. 321-1 of the French Insurance Code...
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