Companies that trade on credit terms with their customers are vulnerable to the risk of bad debts. Bad debts can be caused directly by the customer’s failure to pay their trade credit debts owed as a result of the customer becoming insolvent, or by failing to pay within the agreed terms and conditions of the […]
History of Insurance Many people believe that insurance, a method of equitably transferring and distributing risk, started with Lloyds (the “world’s specialist insurance market”) in the late 1600’s, as a means of funding and securing the risk of trading vessels as they set out on their journeys to the New World. Of course, Lloyd’s, then, […]
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