Class Details Understanding Credit Insurance: Protecting Your Business and Managing Risk Date: 06/25/2025Start Time: 9:00 AM PTEnd Time: 10:00 AM PT This session will dive into the fundamentals of credit insurance and how it plays a crucial role in protecting businesses from the financial risks associated with customer non-payment. Whether you're a business owner, a credit or finance professional, or someone looking to expand their knowledge of risk management, this session will provide valuable insights.Key topics covered will include:1. What is Credit Insurance?o Definition and purpose of credit insurance in the context of business operations.o Types of credit insurance: trade credit, export credit, and more.2. How Credit Insurance Workso The process of obtaining credit insurance.o How credit limits are set and claims are processed.o Evaluating your business's creditworthiness.3. Benefits and Riskso Protecting against bad debts and unpaid invoices.o How it helps companies extend credit with confidence.o Understanding the limitations and exclusions of coverage.4. Choosing the Right Credit Insurance Policyo Factors to consider when selecting a policy (industry, company size, risk appetite).o Key terms and conditions to look out for.5. Case Studies and Real-World Applicationso Examples of businesses that benefited from credit insurance.o Analyzing situations where credit insurance could have mitigated financial loss.By the end of this session, participants will have a comprehensive understanding of how credit insurance can safeguard their business against potential risks and how to effectively integrate it into their overall risk management strategy. Instructor: James TiarksJames Tiarks is Managing Director at Texel Group, a specialist trade credit and political risk insurance broker. Texel Group has offices in London, Brussels, Singapore and US and works with all private insurers and government agencies. James previously held positions with Texel in London and more recently in Singapore where he focused on financial institution and large multinational corporation credit risk throughout the Asia Pacific region. His career in insurance started at Aon.James earned a First Class B.Sc (Hons) in Business Management from the University of Birmingham, UK. He has a CII Diploma from the Chartered Insurance Institute and is a former member of the International Project Finance Association FLN committee. Outside of the office, James likes to spend time on the golf course and has recently called time on his rugby playing days, having represented Singapore’s national team. Event Sponsor: NACM Commercial Services Course Level: I - Intermediate Credits: CEU: 0.000 CCE: 0.000 Location: Webinar Price: Members: $45.00 Non-Members: $75.00 *Price is for admission only. Some events, especially college credit classes, have additional costs associated with materials, such as text books. See the event comments above for more details. Membership discount eligibility is at the discretion of the event sponsor. Cancellations will be accepted for full refund no later than five working days prior to event — substitute attendees accepted up to day of event.
