For immediate release
I just completed a great online course on credit insurance, and renewed my certification as a Construction Risk and Insurance Specialist (CRIS) through the International Risk Management Institute, Inc. Sometimes called accounts receivable insurance, credit insurance protects a business against the insolvency of a customer, and insures against loss by default in payment for goods or services sold.
The stated course objectives were to enable me to identify the types of losses that can be covered by credit insurance, to recognize the benefits that credit insurance can provide to a commercial business client, to distinguish between the major features of credit insurance and the major provisions of a typical credit insurance policy, to identify steps in the process of procuring credit insurance, and to recognize the essential elements and steps in a typical credit insurance claims procedure.
I know a fair bit about receivables and nonpayment, having spent much of my career pursuing recovery in business lawsuits. It was very satisfying to see the subject from a completely different angle, and I learned a lot.
South Jersey construction attorney Robert J. Incollingo is certified as a Construction Risk and Insurance Specialist (CRIS) through the International Risk Management Institute, Inc. (IRMI), and welcomes your legal assignments regarding construction risk management and insurance issues.