Overview
Businesses are often good at protecting themselves from obvious risks of property damage and liability. But what about the risk of customer nonpayment? Businesses are not nearly as likely to be covered for that, although they could be. This course discusses the insurance that covers the risk that a customer may not, under certain circumstances, pay a supplier for goods or services sold on credit. Credit insurance is specifically designed to protect commercial businesses from the risk of customer nonpayment. And it is to a businesses’ benefit that this important coverage be considered
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- identify the types of losses that can be covered by credit insurance,
- recognize the benefits that credit insurance can provide to a commercial business client,
- distinguish between the major features of credit insurance and the major provisions of a typical credit insurance policy,
- identify steps in the process of procuring credit insurance, and
- recognize the essential elements and steps in a typical credit insurance claims procedure.
Designed For:
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
Course Information
Adding additional credit may change exam requirements.
| Prerequisites: | A basic understanding of accounts receivable transactions |
| Advanced Preparation: | None |
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