No. Factoring sells your receivables for immediate cash. Trade credit insurance keeps your receivables and protects you if a customer does not pay. The two can be used together.
Related FAQs
Coverage generally responds to a customer’s inability or failure to pay, not to disputes over whether you delivered as promised. Amounts in genuine dispute, and invoices outside the policy’s ...
Not necessarily. Coverage can be structured across your whole portfolio, on named key accounts, or on a single large customer, depending on your risk.
It can respond to protracted default, subject to policy terms, not only outright bankruptcy.
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